Posted on December 11, 2014, Stew Shearer Valve Launches First Steam “Holiday Auction”
Steam’s first “Holiday Auction” begins today.
The new event, announced by the company in a press release, will give Steam users the opportunity to “recycle” unused items from their Steam Inventory pages for a chance to bid on “nearly 200,000 new games.”
To do this, customers can trade in their Steam Inventory items for new “Steam Gems.” These gems can then be used to make bids on games, with new auction rounds “happening every 45 minutes.” The current cycle of auctions will come to a close on Dec. 15 at 10:45am. More information about the process itself can be found at the newly launched Steam Auction FAQ page.
As interesting as this new event is, the big question on most Steam user’s minds is when Valve will confirm the launch date of its annual Winter Sale. Current rumors have it pegged to launch next week, but we’re still awaiting confirmation from the company.