Louisiana Revised Statutes Tit. 37, § 3103. Definitions of terms

(3)(a) “Auction” means the sale by competitive bid by means of a verbal exchange, regular mail, telecommunications, or the internet of any property which sale consists of a series of invitations for offers to purchase property made by the auctioneer or offers to purchase made by members of the audience culminating in the acceptance by the auctioneer of the highest or most favorable bid.

(b) “Auction” includes but is not limited to all of the following:

(4)(a) “Auction house”, “auction company”, and “auction business” are synonymous and interchangeable terms and mean any entity, whether a sole proprietorship, partnership, limited liability partnership, limited liability company, corporation, or any other legal entity defined by the board, which arranges, manages, sponsors, advertises, or carries out two or more auctions within any twelve-month period and which regularly represents that goods are sold at auction. The terms include entities defined in this Subparagraph which conduct business on an internet-based platform.

(b) A public livestock auction business which exclusively auctions livestock and which is regulated as a livestock market by the Louisiana Board of Animal Health pursuant to R.S. 3:2091 et seq. shall not be defined as an auction business for purposes of this Chapter.