Valve's elves give everyone a quick market lesson with their latest Steam event

Title Valve's elves give everyone a quick market lesson with their latest Steam event
Author Nick Diamon
Posted in News
When December 12, 2014

Yesterday, Valve rolled out the Steam Holiday Auction event. The complicated game involved turning Steam trading cards, emoticons, and wallpapers into gems, which could then be used as virtual currency to bid on games every 45 minutes..

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What makes this experiment hilarious is the ridiculous overbidding where the sale of gems would grant a higher profit than its use to win a 5$ game.

As of this writing, a 1k gem bag is worth 1.25$ CAN on the steam market.