Update: Valve has updated its auction site to note that the Gem auctions will return “shortly” and that “an issue with Gems… means we need to reset and start again.” Specifically:
- All gems created by you will be returned to your Inventory.
- All Gem purchases from the Community Market will be reimbursed.
- All Auction bids have been canceled and the Auction will be reset.
- Trades involving Gems are being investigated on a case-by-case basis.
The virtual “Holiday Auction” Steam first announced yesterday evening seemed like a cute idea at the time. For a limited time, users would be able to trade in unused or unwanted Steam Inventory items for “gems,” which could in turn, starting Monday, be used to bid against others on codes for 2,000 Steam games, 200,000 copies in all.