This subchapter shall not apply to any person conducting an occasional auction sale at his or her place of business by a licensed auctioneer, and having had for four months theretofore a regularly established place of business where goods and merchandise are sold at retail in the ordinary manner. The term
OCCASIONAL AUCTION SALE as used in this section shall mean auction sales continuing no longer than four days at a time and not more frequently held in the same store or place of business than once in every four months, or the sale at auction of a regular stock of goods at a regularly established place of business for the purpose of closing out the business or of disposing of goods damaged by fire.
(1957 Rev. Ords., § 8.202; 1992 Code, § 36-18)