steam auction house ridicules bids?

Don't waste your gems on Auctions.People are gonna bid more than the items worth. I believe you can trade for a copy of CS:GO for cheap. I'm sure it will get a good price during winter sale too.

so what, it´s an auction with shiny bling bling gems , not really different to other auctions or the stock market.
I´m still waiting vor the "Skyrim : Collector's Edition- Cover" auction..... :-)

Those amounts of gems some people bid on some games are worth more than the game itself. They would gain more money for selling the cards on the marketplace than exchanging them for gems... Don't know ... just a strange event. x)

~Fair

I don't think it's worth bidding for popular games. I bid just for one relatively obscure game and I'm still not sure if I'm going to win a copy of it anyway.

i had 170 items now i got about 50 left and almost 9 euro in cash on my account i am pretty sure i be getting more from my money than those who buy gems to bid on games (that go on sale in a few days) makes no sence at all besides for steam themselves

Spend gems on boosters, sell those boosters or unpack and sell cards, buy game when on sale! Assuming the game you want will have a large enough sale (75%) and you'll be able to acquire enough funds from selling boosters. Odds are CSGO will be at least 75% off right? Not hard to get 4$ from boosters, assuming you have enough boosters to pick from, and they actually sell for something. I made about 3$ from only 3 boosters so far, well also including buying 1 card and reselling it for 30cents higher.

for each game to bid there is 100 copies, this means 100 top bidders for each game will get a badge? I mean, winning gives you an additional different badge(not the badge just for bid) or just the game?

is better make boosters pack!

Like I said elsewhere, in my opinion this event is exclusive to those who can afford spending insane amounts of money.
Good for them, not so good for the rest of us. And once again, Christmas are all about money, haha.

is better get booster packs or Anime wallpapers with cheap price :P (up when the auction ends)

These events always turn into who can find a way to exploit or who can throw away the most amount of cash. It's just better to forget about potentially "winning" games, and just focus on what you'll get during the sales. I've just focused on using the gems for boosters of badges i like. The auction is a joke.

I can't get why people are wasting more than 50$ on CS:Go, while it is only 15$ in the store...
Anyway, prices are gonna go down as soon as the first real auction start.

This event is awesome. It raises the price for a lot of cards :D

3 weeks ago i placed cards on the marked. nobody buyed anything till today. now all are gone :D

Gem prices are booming, just sold 2 sacks for $.72 each

I made this: http://i.imgur.com/LerW1N2.png

Costs is calculated at $0.5 per 1000 gems

It is waste of money. Clever people sell all the content for higher price what is right now instead of crafting gems.

Especially the "Holiday Profil" xD 784k Gems... what the fuck.
A Sack of Gems costs 0,70$ so ~540$ for a shiny bling bling frame until 16th day of the year. SERIOUSLY?

1) There are still tons of exploited gems around that won't be deleted.

2) I'm beginning to think more people care about the 'Win a bid' badge more than winning the actual game.

3) Prices of the first item are going to be super high, I expect after 10 or so rounds you will start seeing significantly smaller bids.

Wait.. Wait.. Lol.. Are there people who actually bid in this? I turn all my gems into booster packs lol..
I placed a bid to get the badge and then cancelled it.
I mean seriously.. Nearly 1mil gems for something that will be gone within a month.. Stupid.
Let's assume the best case scenario: All gotten from emoticons that cost $0.03
CS:GO goes for 105500 gems = 1055 emoticons * 0.03 = $31.65
While in reality CS:GO goes for $14.99 and in the sale it would probably go for lower.
Selling these emoticons for $0.03($0.01 to wallet) would give the person $10.55 in worst case because most emoticon and background prices went up, especially those that give 100 gems.

Is this normal auction (one where when you say "1 million" you have to pay 1 million), or is this Ebay action, where you can scream 1 million, but you will pay only the maximum amount other people screamed?

1) prices are going down, this round last the longest all the others only 45 min.

2) better sell your cards and buy a sack of games which is about 50 cents.

but ppl who dont win a games on the first auction automatic bid on the next with the same amount of gems

I would never even bother to try and participate in these steam events, I'm just too casual and only use steam as a platform to buy and play my games. Those power players that are well versed with the steam market mechanics and trading etc will always end up winning or be at the top. Not that there is anything wrong though, you should be rewarded if you know how to optimize something to your advantage so long as it is legitimate.

Just curious ... where do those bags of gems on market come from? around 0.48 EUR (currently) may or may be not better than destroying the same amount in items - esepecially as there's no way to how many gems an items gives until you have it your inventory... or is there?
In any case I rather like the whole idea with gems ... finally a way to get rid of useless emoticons and backgrounds. The auction itself is ridiculous though.