Opportunity brief
About Storage Wars
- Storage Wars is an exciting, fast-paced auction-based competition where participants compete to acquire mystery storage units through strategic bidding.
- Each team will receive a fixed virtual budget and will have to evaluate storage units based on limited visual clues before placing their bids. The challenge is to identify hidden value, make smart financial decisions, and avoid overpaying.
- The competition will feature three major phases:
- Live Auction: Teams bid on mystery storage units using their allocated virtual budget.
- Box Trading: Teams get opportunities to negotiate and trade their acquired boxes with other teams to maximize potential profits.
- Unboxing & Valuation: The mystery boxes are opened, their contents are evaluated, and the final inventory value is calculated against the amount spent.
Eligibility: Students from IIIT-Delhi and other institutions.
Judging Criteria:
- Profit Margin
- Valuation Accuracy
- Bidding Strategy
- Risk Management
- Negotiation Skills
- Duration: 6 Hours
Prize Pool: ₹10,000
- First Prize: ₹5,000
- Second Prize: ₹3,000
- Third Prize: ₹2,000
- Bring your strategy, trust your instincts, and prove that you can turn mystery into money. Let the bidding begin!