I think that this sums it up nicely?

Requests for the following changes to the Kyoubai system:

1. A visible ‘flag’ regarding whether or not an Auction has a Reserve Price (but not the actual Reserve Amount)

2. An indication of whether or not the Reserve Amount has been met.

3. If your bid is less than the Reserve Amount, a message indicating that the Reserve has not yet been met.

4. If your bid is greater than the Reserve Amount, then it is set to that amount, with the remainder left over as ‘proxy rebidding’ as needed.

5. The option to increase your proxy bid, without having to wait for another player to ‘overbid’ you.