For the purpose of this chapter, the following definition shall apply unless the context clearly indicates or requires a different meaning.
AUCTION. All variations of selling or offering to sell by competitive bidding, whether by direct or indirect means, such as progressively adding additional merchandise at the same or different price as that fixed for one or more articles until the lot is sold and similar practices of selling at other than fixed prices.
('66 Code, § 5-3.01) (Ord. 293-A, passed 7-9-51)