With cars, such competitions has run since at least 50 years, (for trucks as well). Here we had a young girl winning last year. You have the same for small aircrafts too, even if there has been discussions how good (bad) it is for your landing gear...
With boats we used to see it when all the trawlers were coming in and wanted to be the first to sell their catch at the highest bid, at least during summer and tourist season. I have not been in those ports in recent years so it might have changed...