You are describing a "reserved price" I think. It's used on Ebay. You see a player whose bid ends in two days. You set a reserved price of 500k. Anyone who bids below 500k is told "you didn't overbid reserved price" or something like that.
Yeah, I'd like to see that too. It happened twice already that at my late hours (time of your lunch... :)) I browse the TL and see some players, bid by Philippinian managers - and pretty high, that is. They want the player, but went to sleep (I think they are at least 5-6 hours ahead of me, so my late hours are their early hours the next day) and couldn't bother to be involved in a bidding war.
If they could put a reserved price on it, things may change a bit...I guess it would "kill" some daytraders and I'm not sure BBs want that (clicks help the site...).
We're on the same page, but it's not reserve price. Reserve price means it must meet a certain price before it sells. If it does not meet the reserve, the item does not sell.
But what you describe is the same thing I'm talking about, so we're on the same page, just neither of us knows what to call it . Someone told me it is called a Proxy Bid, but I don't have a clue if that it right or even what that means.