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[Update] Steam Holiday Auction To Resume Shortly, Gem Issues Resolved

Update 2: Valve has posted an update on the Steam Holiday Auction page stating that auctions will resume shortly. Here is the complete statement:

"We apologize for the interruption. The Yeti has been contained. We had an issue with gems that means we need to reset and start again.

– All gems created by you will be returned to your inventory

– Gem purchases from the Community market will be reimbursed

– Auction bids have been canceled and the auction will be reset

– Trades involving gems are being investigated on a case-by-case basis"

Update 1: The Steam Holiday Auction is currently suspended, due to what the official site says are "some issues with gems." Kotaku is reporting that these issues are some exploits that some less-than-honest Steam users are using to duplicate or artificially inflate their gem count.

Original Story:

Valve just announced a new promotion called Steam Auction that will allow you turn Steam Community items into gems that can be use to bid on new games.

Steam users can now turn unused items like trading cards, backgrounds, and emoticons into "Steam Gems." These gems can be used as currency to bid on a series of auctions rounds that will end every 45 minutes from December 15 at 7:45 a.m. until December 18 at 10 a.m. The first round is currently live on the Steam Holiday Auction site. The first round includes games like Counter-Strike: Global Offensive, Star Wars Battlefront II, and The Talos Principle.

Different items have different values, Valve says you should craft Trading Cards into badges, as "the resulting emoticons and backgrounds have high gem values." There's a FAQ on the site that will answer more of your questions. Head over the and start bidding!

[Source: Valve]

 

Our Take
Steam is a popular service, and it's things like this that engender so much consumer loyalty. It's definitlely a creative way to create some excitement around Steam in the busy holiday season, and also rewards the service's most loyal customers. 

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As a special surprise to guests, Naora performed a live art demonstration, creating an original piece just for the exhibit. "I usually don't have this many people watching me work, so if my hand gets a little shaky because of nerves, I'd appreciate it if you let it slide," Naora said with a laugh during the demonstration.

(Please visit the site to view this media)

You can check out the video above to hear some of the questions fans asked Naora as he worked, such as whether he would rather have a chocobo or moogle in real life. All of the art from the exhibit, including the original piece created by Naora, is being auctioned off here. The proceeds from the auction will be going towards Typhoon Haiyan relief efforts.

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The City Of Glendale, CA Is Preparing To Auction Off More Than 50 Arcade Cabinets

After the complicated sale of a defunct arcade a few years ago, the city of Glendale, CA is preparing to auction off a large collection of arcade cabinets.

A few years ago, the city of Glendale purchased a building housing the former Video West Arcade. The sale of the building covered it and everything inside of it, which included roughly 50 arcade cabinets. The building was bought with the intention of building the Museum of Neon Art.

Unfortunately, after moving the arcade cabinets out of the facility and into storage a number of legal complications lead to the freezing of assets acquired with the state's redevelopment funds. As a result, the arcade cabinets have remained in storage for the last three years. Recently, however, it was ruled the law forcing the freeze did not cover the cabinets, and now the city is preparing to auction them off.

Among the collection are older games like Galaga and Ms. Pac-Man, but there are also more modern hunting games and racers like Initial D Arcade Stage Version 3.

A date has not been set for when the auction will take place, but if you live near Glendale, California and are in the market for an arcade cabinet (or a few arcade cabinets), you may want to keep an eye out.

[Source: Glendale News press (1), (2), via LA Times]

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