Framing a woman as a prize that is to be competed for does do some heavy objectification in the movie. So, yeah, that.
If that would be the only view of said woman, I'd wholeheartedly agree to this point. The movie (and generally life) is so much more and more complex, with good and bad sides which all belong on the screen to be watched and criticized.
That's a superficial reading.
Said women repeatedly calls out that behavior. The pointlessness and harm caused by macho culture is a theme throughout the movie.