"Jewelry auction" means and includes any sale, or offer for sale, of any platinum,
gold, silver, precious stones, semi-precious stones, watches, or other jewelry by
public outcry to the highest bidder. Nothing in this chapter shall be construed to
permit any sale, or offer for sale, of any jewelry by public outcry whereby any item
is offered at a stated price and thereafter at successively or gradually lower prices
until an accepter or purchaser is found, or at a stated price with the addition of
other merchandise until an accepter or purchaser is found, or by what is commonly
known as "Dutch Sale," or "Down-hill Selling," or any other method of a like or similar
nature.
(Prior code § 5-9.01(h))
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