Mass Update to Minimum Price Problem?

Am I doing something wrong or is it not working?

I am actually trying to do a proper Mass Update but I'm just using 1 item here as an example.

I have a Batman minifig that is currently priced at 14.68. According to the Price History the current minimum price is 8.28.
So in Manage Inventory I filter to the item and select it, select Price - Minimum from the Mass Update drop-down and set Minimum to 1.00, then when I validate it says it's going to update 1 lot, but when I click the Update button it says No Items Updated and it hasn't been updated.

So am I missing something or doing something really foolish?

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