Steam Holiday Auction

[CPA]

Anyone else look into this yet? Trade in cards, emoticons and other tradeable items for gems. Use gems for games. Event goes through December 18th.

Neat idea, however, the amount of....

Wait a minute, did they pull it? It was there last night?

edit: lol, yep they pulled it as apparently there was a gem exploit. Wondered why some of the game were going for hundreds of thousands of gems when you only got 100 or less gems per card/item. lol

 

[surfsatwerk]

Yeah seemed fubar when I glanced at it last night.

 

[rivethead]

I noticed that backgrounds and other crap that I've had on sale for over a year on the Steam market suddenly started selling (I was sell for a whopping 3 cents so I could get a whopping 1 cent).

Sold a bunch of that unwanted crap yesterday. I'm guessing that crap had more gem value than 3 cents.

I'm hoping this auction thing has nothing to do with the annual holiday sale......

 

[WiseUp216]

No wonder 40 of my listings sold out of nowhere.

 

[CPA]

I noticed that backgrounds and other crap that I've had on sale for over a year on the Steam market suddenly started selling (I was sell for a whopping 3 cents so I could get a whopping 1 cent).

Sold a bunch of that unwanted crap yesterday. I'm guessing that crap had more gem value than 3 cents.

I'm hoping this auction thing has nothing to do with the annual holiday sale......

It was only supposed to last through the 18th, so I think we're good.

 

[RockinZ28]

lol same. Figured something had to be up, but was too lazy to look. I just listed all those bs items to remove them from my visible inventory.

 

[BergeLSU]

I guess this is just a way to destroy those million market items on sale for a penny.

 

[Feneant2]

People are asking for a rollback over this, and deservedly so. I mean if I sold every one of my background, emoticons, spare cards, etc. I may be able to scrounge up 10k gems, 15k if I get very lucky... but when I checked last night stuff was already in the hundreds of thousands. Then the people who found ways to cheat went and bought every 0.01$ item they could get their hands on. Steam probably had more sales last night than over the last 6 months.

***
Edited: I guess there is a chance no one cheated and simply bought hundreds of 0.01$ items to boost their gem totals. But word online was that some people did find a way to cheat/hack/exploit, etc.

Either way, if they don't change how it is, you guys who lost all your 0.01$ items will help other guys get free games for probably 2-3$ worth of penny items.

 

[maevinj]

I must have some really crap stuff on the market place as nothing of mine was bought...

 

[darkewaffle]

I wondered how some were up to as many as 250000 gems lol. I mean even if you 'disenchant' one card per second (which is a huge underestimate because how how awful Steam's interface is for this crap lol) and get (optimistically) 30 gems per card you would need to disenchant for two hours straight and thousands of items to get 200k.

I don't think it's the worst idea in the world, but it's just more contrived crap to try to make people care about those pointless cards and such.

 

[Artorias]

What a disaster this event is, turns out its a lot worse than the coal fiasco.

If you are wondering, there was an item dupe glitch and some people had billions of gems, meaning everyone who crafted gems got shafted.

Valve is banning those people but it still messed all the bids up, tuey have the whole auction shutdoown.

I crafted my useless items then turned it into a Skyrim booster, made about 30cents.

 

[sweenish]

I guess this is just a way to destroy those million market items on sale for a penny.

That was my first thought.

They had mad supply and no demand. And now they've convinced their customers to destroy their own supply.

 

[JumBie]

This auction is pretty stupid anyway, it literally gives an advantage to those with deep pockets. Its pretty much the same as buying the game. Nothing at all here for the little man.

 

[Feneant2]

I crafted my useless items then turned it into a Skyrim booster, made about 30cents.

How much are boosters? I couldnt find a place to trade (I think it was still broken as of this morning when I checked).

But You're better of bidding on a game you want anyways. Who knows, you may get something recent for the price of your gems (Going for Dragon Age myself). And since they refund the gems when the auction ends, you can get your boosters at that time.

 

[SMOGZINN]

This auction is pretty stupid anyway, it literally gives an advantage to those with deep pockets. Its pretty much the same as buying the game. Nothing at all here for the little man.

What part of 'auction' don't you understand?

 

[KeithTalent]

What part of 'auction' don't you understand?

Haha, exactly what I was thinking.

I'll have to look at this when I get home.

KT

 

[JumBie]

What part of 'auction' don't you understand?

What I am trying to get at is, whats the point? The only way to really get enough gems is to buy them. And at that point people are going to bid so close to the cost of the game that the whole auction becomes pointless.

 

[Artorias]

How much are boosters? I couldnt find a place to trade (I think it was still broken as of this morning when I checked).

But You're better of bidding on a game you want anyways. Who knows, you may get something recent for the price of your gems (Going for Dragon Age myself). And since they refund the gems when the auction ends, you can get your boosters at that time.

When you go to your badges page, there is an option to craft boosters from the gems you have, I simply crafted one Skyrim booster and sold it on the Steam market.

But as of now the market is utterly wrecked because of the gem dupe glitch, the auction is shutdown, and the prices of cards/boosters has crashed or is in a slow recovery.

 

[Subyman]

God this is pretty much like Quibids and those other stupid pay-for-each-bid auction sites. No thanks.

 

[CPA]

Auction is back up, but it doesn't look like they wiped the previous bids. Still high bids up over 100,000 gems.

Market doesn't have any gems for sale though.

 

[maniacalpha1-1]

I don't really understand the supply of the auction, all the games I see have 100 supply. Does that mean that if there are 100 of a game and 15 bidders, they will end up giving away 100 copies which means bidder #16 can get it with 1 gem?

 

[ronbo613]

I just started with Steam so I've got like, two gems. Going to have to keep an eye out for the one gem deals but I'm not holding my breath.

 

[Tifosi248F1]

I don't really understand the supply of the auction, all the games I see have 100 supply. Does that mean that if there are 100 of a game and 15 bidders, they will end up giving away 100 copies which means bidder #16 can get it with 1 gem?

Each subsequent auction period lasts 45 minutes once the first auction happens. They have it set up so there will be 100 auctions within the time frame of this event. In theory it could be possible to get something for 1 gem if absolutely no one but a handful are interested, though I doubt it would happen.

This event has already show the lengths people will go to for a leg up, I foresee people intentionally screwing others over just because they can. Hopefully any game won in an auction is tied to one account so people who have already gamed the system can't pick up multiple copies just to sell them off for profit.

 

[ImpulsE69]

Where is anyone getting 80k gems when each 'thing' is only worth 1-5 gems? Seems rigged and or not well thought out.

 

[Newbian]

Sounds like something that will take more time then the game is worth unless you are some kind of steam collector nutjob.

Go back to normal sales and get rid of this steam collection stuff they have thrown at us the past few years.