Harry is selling his rare coin collection through marshall auction house. harry will not sell the collection for less than 300,000 and has the right to withdraw the collection if the highest bid is below the 300,000 minimum. what is the term for this kind of auction?

Bob: coke is baby pandas.jim: what? how do you figure that coke is baby pandas? bob: because this book says so.jim: how do we know the book is correct? bob: because it says that coke is baby pandas.jim: how does that prove the book's accuracy? bob: because it's statement involving coke and baby pandas is correct, therefore it is accurate.jim: how do we know that it's correct? bob: because we have concluded that the book is accurate, and therefore the statement is correct.therefore, coke is baby pandas.