What is the minimum price in an auction?

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What is the minimum price in an auction?

The minimum price is the price below which the seller does not agree to sell a domain. When starting an auction, the seller can set a minimum price, which protects him/her from a too low sale amount.

The minimum price is not known to auctioneers. However, if a minimum price has been set in an auction and the current amount of bidding is lower than this price, an appropriate message will appear on the auction page. Until the bidding reaches the minimum price, the auction does not end with the sale of a domain.

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