When is the auction considered invalid?

When is the auction considered invalid?

The Saleer Team

An auction is deemed to be failed if no bids have been made during the given time. The frozen funds of seller are returns back to his balance.

An auction is deemed to be failed if only one bid have been made. The frozen funds of seller are returns back to his balance. Funds spent on the bid are to be returned to the person who made the bid.