'Dropit' Has Fans Compete in Live Auctions at Sporting Events
Laura McQuarrie — October 27, 2017 — Tech
'Dropit' sets itself apart as a unique mobile application that gamifies the traditional auction experience and caters to audiences at live sporting events.
The app showcases the live 60-second auctions on stadium scoreboards, making it possible for event attendees to bid for items at deeply discounted prices. Recently, a Ducati motorcycle (which retails for more than $15,000) was auctioned off at a baseball game for just under $4,000.
To use the app, stadium-goers must download it and register. Once an auction has begun, users have the chance to bid immediately, or wait it out and see if they can snag a coveted item at a lower price. However, as there will be many like-minded individuals at the stadium who are hoping for a deal, the stakes are high and bids are extremely competitive.
The app showcases the live 60-second auctions on stadium scoreboards, making it possible for event attendees to bid for items at deeply discounted prices. Recently, a Ducati motorcycle (which retails for more than $15,000) was auctioned off at a baseball game for just under $4,000.
To use the app, stadium-goers must download it and register. Once an auction has begun, users have the chance to bid immediately, or wait it out and see if they can snag a coveted item at a lower price. However, as there will be many like-minded individuals at the stadium who are hoping for a deal, the stakes are high and bids are extremely competitive.
Trend Themes
1. Live Event Auction Apps - Innovative mobile applications are transforming the live auction experience, making it more gamified and competitive for event attendees.
2. Real-time Scoreboard Bidding - Real-time bidding on stadium scoreboards is providing an immersive experience for fans attending live events.
3. Discounted Price Auctions - Auctions offering deeply discounted prices are a major trend in the live event industry, providing opportunities for event-goers to score big savings.
Industry Implications
1. Sports and Entertainment - The sports and entertainment industry is ripe for integrating live auction technology to create a more engaging fan experience.
2. E-commerce - The e-commerce industry can leverage the popularity of live event auctions to create new online auction platforms that cater to a wider audience.
3. Mobile App Development - Mobile app developers can capitalize on the demand for interactive and innovative auction apps by creating new and innovative products for the live event industry.
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