I am heavily against a reserved price. Tosaki, what this means is that you would have a starting price for an auction,say 1BTC and then a reserve price of let's say 5 BTC. Now everyone starts bidding on the auction and it only goes up to 4 BTC and the auction ends. Now the seller doesn't have to sell the item because it didn't reach his reserve price. It's basically just a waste of time for everyone involved. If the seller will take no less than 5 BTC, then he should start the auction at 5 BTC.