Each article offered for sale shall be sold as offered, if a bid be made by more than
one bona fide bidder, before another article is offered for sale, and without any
reasonable delay. There shall be no reserved price on any article unless, at the time
the article is offered for sale, the permittee shall announce the reserved price in
such tone and manner as to be plainly heard and understood in all parts of the room
in which the sale is being conducted. If any article is offered for sale and two or
more bids are made thereon, and such article be afterwards withdrawn from sale for
the reason that the highest bid did not equal the reserved price as announced, there
shall not be the same or another article of the same kind or class offered for sale
until four other sales have been made, or for one hour, whichever is the longer time.
(Prior code § 3.40.240)
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