Why didn't the auction end with a sale even though bids were placed?

Why didn't the auction end with a sale even though bids were placed?

If a seller has set a minimum price in an auction, the amount of bidding must reach that price in order for the auction to end with a sale. If the highest bid in an auction does not reach the minimum price, the domain will not be sold.

What is the minimum price in an auction?

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