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Gaming News: Valve Launches Steam Holiday Auction Event

Armory Staff

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/files/u166440/steam_holiday_auction.jpgGoing once…going twice…sold!

As Steam users wait for the inevitable Winter Sale that will drain their wallets dry, which is allegedly starting December 18, Valve has come up with a way to empty out their Steam inventories too. Valve has launched a new event called the Steam Holiday Auction where users can recycle unused items in their inventory for gems which are then used to bid on games up for auction.


The Steam Holiday Auction will let users recycle items such as trading cards, backgrounds, and emoticons, from their inventory, and receive Steam Gems to use for bidding on the games they hope to get. Auctions will be held in rounds with the first round kicking off today and ending on Monday, December 15 at 7:45AM Pacific. 


In order to win, the Steam User needs to have the highest bid at the end of every round which is 45 minutes. At the end of the allotted time, each top bidder will receive their title and the remaining bids will carry on to the next round. Users will able to track their current bids, top bids, and winning bids in the My Bids section of the Holiday Auction page. 


The event will end on December 18 at 10AM Pacific. After that, those who didn’t win on the final round of auctions will have their gems returned. According to Valve, the gems will not be removed from everyone’s inventory and can then be used to create booster packs.


There will be 100 copies of almost 2,000 titles up for auction that includes both games and software on Steam that was donated by developers and publishers. Among the vast assortment of titles up for auction are newer games such as Alien: Isolation and Sid Meier's Civilization: Beyond Earth. However, the most expensive item, that we see so far, is not even a game or software title. It is a 2014 Holiday Profile that will customize a user's profile with the current bid set at 250,100 gems.


Will you be participating in this bidding war? If you are, what games or software will you be bidding on? Sound off in the comments below!


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