8:20 pm : Bidding results after Reserve Round: (brackets indicate base price)
Glenn McGrath to Delhi - $350,000 ($350,000)
Michael Hussey to Chennai - $350,000 ($250,000)
Simon Katich to Mohali - $200,000 ($200,000)
Ramnaresh Sarwan to Mohali - $225,000 ($225,000)
Shivnarine Chanderpaul to Bangalore - $200,000 ($200,000)
Loots Bosman to Mumbai - $175,000 ($175,000)
Justin Langer to Jaipur - $200,000 ($200,000)
Mohammad Yousuf and Ashwell Prince were both withdrawn. 77 out of the 79 players who were under the hammer were auctioned on Wednesday.
In the same press conference, Bangalore-franchise owner Vijay Mallya took the opportunity to name his team as "Royal Challengers", after his liquor brand.
7:24 pm : As the wait for the last set of bidding prolongs, the media centre is busier than ever before. The area in front of the dias, where Lalit Modi announces the bidding results, is occupied by the still photographers in a semicircle.
With the highest bids having been made, ten players have to be bought by eight Franchisee teams and these include retired Aussie great Glenn McGrath and ICC one-day player of the year in 2006, Michael Hussey. With all the Indians sold, the rest of the unsold players include lesser known limited-overs players Loots Bosman and Ashwell Prince of South Africa and former Australian Test opener Justin, who has in all played only eight ODIs.
Lalit Modi remarked a while ago that he was surprised at the price at which some of the players have been sold. He also attributed it to the personality and the endorsement value a player brings into the team.
Players in Reserve Pool, base price in brackets in USD:
Glenn McGrath, (3,50,000),
Md Yousuf, (3,30,000),
Michael Hussey, (2,50,000),
Tatenda Taibu, (1,25,000),
Ramnaresh Sarwan, (2,25,000),
Simon Katich, (2,00,000),
Justin Langer, (2,00,000),
Shivnarine Chanderpaul, (2,00,000),
Ashwell Prince, (1,75,000),
Loots Bosman, (1,50,000).
6:44 pm: Fast bowling sensation Ishant Sharma became the costliest Indian bowler in the Indian Premier League, fetching USD 9,50,000. This winning bid by Kolkata was six times more than his base price of USD 1,50,000. This put behind RP Singh's winning bid of USD 8,75,000 by the Hyderabad team.
The reserve pool round will follow this round of bidding. Lalit Modi, while making the announcement, said the bowlers round as "a very enlightening round".
Eighth and final bidding round results (amt in USD, base price in brackets):
Nathan Bracken, Bangalore, 3,25,000 (2,25,000)
RP Singh, Hyderabad, 8,75,000 (2,00,000)
Murali Kartik, Kolkata, 4,25,000 (2,00,000)
Makhaya Ntini, Chennai, 2,00,000 (2,00,000)
Lasith Malinga, Mumbai, 3,50,000 (2,00,000)
Chaminda Vaas, Hyderabad, 2,00,000 (2,00,000)
Ramesh Powar, Mohali 1,70,000 (1,50,000)
Umar Gul, Kolkata 1,50,000 (1,50,000)
Dale Steyn, Bangalore, 3,25,000 (1,50,000)
Dilhara Fernando, Mumbai 1,50,000 (1,50,000)
Ishant Sharma, Kolkata, 9.50,000 (1,50,000)
Piyush Chawla, Mohali, 4,00,000 (1,25,000)
Munaf Patel, Jaipur 2,75,000 (1,00,000)
Nuwan Zoysa, Hyderabad, 1,10,000 (1,00,000)
6:26 pm: India's left-arm medium-pacer, Rudra Pratap Singh, has been purchased by Hyderabad's Deccan Chronicle for a sum of USD 8,75,000. This makes him the costliest India bowler, USD 25,000 more than Harbhajan Singh, who was bought for USD 8.50,00 by Mumbai's Reliance Industries. This is not considering Irfan Pathan's winning bid of USD 9,25,000 by Mohali as Pathan comes under the all-rounder's category.
6 pm: It seems the long day is finally coming to an end. With the final batch of 14 players being auctioned, Sourav Ganguly, the icon of the Kolkata team, made an exit from the hotel.
And the former India captain was happy with the way the Player Auction has unfolded.
"I am very happy," Ganguly said. "We bid for the players we wanted and we have got them."
For the record, Ganguly's Kolkata team, owned by the Shahrukh Khan, have six players in their kitty as of now. They are Shoaib Akhtar (Pakistan), Ricky Ponting (Australia), Brendon McCullum (New Zealand), Chris Gayle (West Indies), Ajit Agarkar (India) and David Hussey (Australia).
5:45 pm : Test batsman VVS Laxman will captain the Hyderabad team in the Indian Premier League. The Hyderabad Franchisee, Deccan Chronicle's MD, PK Iyer announced that Laxman put team before self. Iyer, who met the media before the start of the last round of bid said Laxman surrendered the iconic status on Tuesday, a day before the Player Auction.
Said Iyer: "Laxman showed great sportsman's spirit by giving away the iconic status. He said that he wanted the Hyderabad team to have a larger budget."
Deccan Chronicle's biggest signing has been Australian all-rounder Andrew Symonds at USD 1.35 million. It has also roped in exciting batsman Rohit Sharma for USD 7,50,000 while Laxman, who is out of favour in limited overs for some time now, was bought for USD 3,75,000.
Iyer said that the paraphernelia surrounding the team will be unveiled in the coming days.
Meanwhile, Lalit Modi, the BCCI vice-president and IPL chairman said that Zaheer Khan, who has been purchased by Bangalore's UB Group for USD 4,50,000, is making good progress on his fitness. "He has started to run and should be fit by mid-April. So, he should be up and running in the IPL," said Modi.
5:43 pm : In the seventh round of bidding that featured batsmen, six of the 16 players went unsold. Mumbai's exciting batsman Rohit Sharma was purchased by Hyderabad for USD 7,50,000 while Bengal's Manoj Tiwary was bought by Delhi for USD 6,75,000. While Michael Hussey was unsold earlier in the day, his brother, David Hussey went under the hammer for USD 6,25,000 and was bought by Kolkata.
Gautam Gambhir, Delhi, 7,25,000 (2,00,000)
Robin Uthappa, Mumbai, 8,00,000 (2,00,000)
VVS Laxman, Hyderabad, 3,75,000 (1,50,000)
Wasim Jaffer, Bangalore, 1,50,000 (1,50,000)
Rohit Sharma, Hyderabad, 7,50,000 (1,50,000)
Mohammad Kaif, Jaipur, 6,75,000 (1,25,000)
Suresh Raina, Chennai, 6,50,000 (1,25,000)
Manoj Tiwary, Delhi, 6,75,000 (1,00,000)
Chamara Silva, Hyderabad, 1,00,000 (1,00,000)
David Hussey, Kolkata, 6,25,000 (1,25,000)
The South African duo of Ashwell Prince and Loots Bosman go into the reserve pool since no bids were received.
5:20 pm: Mahendra Singh Dhoni reacts to his bid from Sydney, "I heard about it from my (personal manager) Jeet Banerjee soon after the bid was held in Mumbai. The sum seems to be good and I am happy, but I was never in any sort of tension about it, nor was I losing sleep over it. Even now I am not too preoccupied with this thought."
5:16 pm : Bengal righthander Manoj Tiwary has been purchased by Delhi's GMR Holdings for USD 6,75,000. Mumbai's Rohit Sharma has been grabbed by Hyderabad, though the price is yet to be determined.
4:40 pm : 6th set of bidding results:
Albie Morkel, Chennai, 6,75,000 (2,00,000)
Ajit Agarkar, Kolkata, 3,50,000 (2,00,000)
Shaun Pollock, Mumbai, 5,50,000 (2,00,000)
Irfan Pathan, Mohali, 9,25,000 (2,00,000)
Scott Styris, Hyderabad, 1,75,000 (1,75,000)
Farveez Maharoof, Delhi, 2,25,000 (1,50,000)
Tillekeratne Dilshan, Delhi, 2,50,000 (1,50,000)
Cameron White, Bangalore, 5,00,000 (1,00,000)
Yusuf Pathan, Jaipur, 4,75,000 (1,00,000)
Joginder Sharma, Chennai, 2,25,000 (1,00,000).
How much the franchisees have spent so far, with three rounds (including a reserve pool) still to go.
Bangalore — 3.8 million
Chennai — 4 million
Delhi — 3.2 million
Hyderabad — 2.3 million
Jaipur — 1.7 million
Kolkata — 2.5 million
Mohali — 4 million
Mumbai — 3.5 million
3:45 pm : Out of the 37 players who went under the hammer, four went unsold and were kept in the reserve pool. These include retired Australian fast bowling great Glenn McGrath, countryman Michael Hussey, Pakistan's Mohammad Yousuf and Zimbabwe wicket-keeper Tatenda Taibu.
Of the 33 players who were bought till date, only three were purchased for their same base price. New Zealand's Stephen Fleming did not fetch more than his starting price of USD 3,50,000 and was purchased by Chennai's India Cements Ltd. The Pakistan duo of Younis Khan (USD 2,25,000) and Kamran Akmal (USD 1,50,000) did not have any competition nor get higher bid and were both bought by Jaipur's Emerging Media.
3:40 pm : In the fifth round of auction that involved only wicketkeepers, India's Dinesh Karthik emerged as the costliest stumper at USD 5,25,000 and was purchased by the Delhi Franchisee, GMR Holdings. His price was USD 3,25,000 more than his base price of USD 2,50,000. The Delhi team also purchased another wicketkeeper, South African AB de Villiers, for USD 3,00,000.
Dinesh Karthik, Delhi, 5,25,000 (2,00,000)
AB de Villiers, Delhi, 3,00,000 (2,00,000)
Mark Boucher, Bangalore, 4,50,000 (2,00,000)
Parthiv Patel, Chennai, 3,25,000 (1,50,000)
Kamran Akmal, Jaipur, 1,50,000 (1,50,000)
3:33 pm: Amol Karhadkar reports from Mumbai:
Almost halfway through the Players Auction, the Board of Control for Cricket in India's chief administrative officer Prof Ratnakar Shetty left for his office, which is barely a kilometer away from the Hilton Towers.
And while Shetty was "surprised" to see the kind of response some of the players have generated from the franchisees, he wasn't surprised by the bidding process for Mahendra Singh Dhoni, the only icon player who was up for grabs.
"Dhoni was always going to draw the highest price since he didn't belong to any of the teams," Shetty told Hindustan Times.
"Overall as well, it was fascinating to see cricketers drawing so much attention by the market as well."
Well, let's hope that the market does not take away the essence of sports from a sport which was once known as the Gentleman's Game.
3:18 pm : How chaotic can it get at cricket-related events? The media centre of the Indian Premier League Player Auction has more than ample evidence of it.
The IPL chairman and BCCI vice-president Lalit Modi comes at the end of each round of auction to announce the results to the media, who are present in full strength. The print media, electronic and the still photographers are in one room, carrying out their respective tasks. The hall is too small to accommodate such a gathering.
Modi, this time, ushered in Bollywood actor Preity Zinta, who is part owner of the Mohali Franchisee team, for the announcement of the results.
And there began the unruly behaviour of the still photographers and the television cameramen. Each one wanting the best view of Preity Zinta to take pictures. While the photographers pushed each other for a place, they infringed the view of the TV cameramen in the process.
It required Modi too screamed at the chaotic crowd to behave or else the announcement would not be made. Preity Zinta too chipped in with her request for order to be maintained.
3:10 pm : Fourth round bidding results (figures in USD, base price in brackets):
Stephen Fleming, Chennai, 3,50,000 (3,50,000)
Graeme Smith, Jaipur, 4,75,000, Jaipur (2,50,000)
Herschelle Gibbs, 5,75,000, Hyderabad (2,50,000)
Chris Gayle, 8,00,000 Kolkata (2,50,000)
Shoaib Malik, 5,00,000, Delhi (3,00,000)
Shahid Afridi, 6,75,000, Hyderabad (2,25,000)
Younis Khan, 2,25,000, Jaipur (2,25,000)
Mohammad Asif, 6,50,000, Delhi (2,25,000)
Jacques Kallis, 9,00,000, Bangalore (2,25,000)
Zaheer Khan 4,50,000, Bangalore (2,00,000)
S Sreesanth 6,25,000 Mohali (2,00,000)
2:54 pm: Even as the fourth set of players are being auctioned, results creep in that Kolkata has bought West Indies opener Chris Gayle, Delhi bid the maximum for Pakistan captain Shoaib Malik and Bangalore for South Africa's Jacques Kallis.
2:42 pm : Indian bowlers Shantakumaran Sreesanth and Zaheer Khan are among the 11 players that will go for sale in the fourth round of bidding. They are placed in set D along with some of the prominent names in world cricket such as New Zealand's Stephen Fleming, South Africa's Jacques Kallis, Graeme Smith, Herschelle Gibbs are among the others who are being currently bid by the eight franchisee teams.
Players up for bidding: Stephen Fleming, Graeme Smith, Herschelle Gibbs, Jacques Kallis (South Africa), Chris Gayle (West Indies), Shoaib Malik, Shahid Afridi, Younis Khan, Mohammad Asif (Pakistan), Zaheer Khan and Shanthakumaran Sreesanth (India).
2:26 pm : Australian all-rounder Andrew Symonds was bought by Hyderabad franchisee Deccan Chronicle for a whopping price of $1.35 million. His base price was $2,50,000. Symonds's became the second most-expensive player after three rounds of bidding that saw 17 players going under the hammer.
With Lee's price kept at $9,00,000, Mohali's icon player Yuvraj Singh's price at the moment is 15 per cent more, which is $1.035 million.
2:18 pm: Third round bidding results (figures in USD, base price in brackets):
Ricky Ponting to Kolkata, 4,00,000 (3,25,000)
Brett Lee to Mohali, 9,00,000 (3,00,000)
Andrew Symonds to Hyderabad, 1.35 million (2,50,000)
Daniel Vettori to Delhi, 6,25,000 (Delhi)
Matthew Hayden to Chennai, 3,75,000 (Chennai)
Brendon McCullum Kolkata, 7,00,000 (1,75,000)
Jacob Oram, Chennai, 6,75,000 (2,00,000).
Australian left-handed batsman Michael Hussey, who had a base price of USD 2,00,000, went unsold and has gone to the reserve pool, joining compatriot Glenn McGrath and Pakistan's Md Yousuf.
1.41pm: The third round of bidding is in progress at the moment after a half-hour lunch break and will have eight players (five Australians and three New Zealanders) going under the hammer. None of the eight players are available for the whole duration of the tournament that runs April 18 to June 1. The three Kiwis, Daniel Vettori, Brendon McCullum and Jacob Oram, are available after May 5 while the five Aussies — Ricky Ponting, Micheal Hussey, Andrew Symonds, Matthew Hayden and Brett Lee — are not available for the inaugural edition of the IPL following their commitments with Cricket Australia and their tour of Pakistan. In the event of Australia's tour of Pakistan being cancelled or rescheduled due to security reasons, the Aussies will be available on pro rata basis.
1:24 pm: Manoj Badale, chairman of Emerging Media – the owners of the Jaipur team, said he was happy with the way the auction was being conducted.
"It's is taking place in a thoroughly professional manner," Badale told Hindustan Times at the end of the second round of bidding.
Though the Jaipur team could not grab any player in the second round after winning Shane Warne in the first, Badale was optimistic about the next six rounds. And the London-based entrepreneur moved on to the third round on an optimistic note, saying:
"After seeing such an overwhelming response, I wish I was a cricketer."
IPL Player Auction
1:05 pm: Sachin Tendulkar became the second player in the IPL Players' Auction to cross the $1 million mark. After the end of the second round of bidding, Tendulkar stands to earn $1.12 million, which is 15 per cent more than Mumbai's other big catch, Sanath Jayasuriya, who was bought for $9, 75,000.
India's one-day captain MS Dhoni continues to be the most expensive player till date, at $ 1.50 million, bought by Chennai Super Kings.
Delhi's GMR Holdings are the only franchise yet to make a buy.
12:57 pm : Second round bidding results (figures in USD, base price in brackets):
Anil Kumble, Bangalore, $5,00,000 ($2,50,000)
Harbhajan Singh, Mumbai, $8,50,000 ($2,50,000)
Sanath Jayasuriya, Mumbai, $9,75,000 ($2,50,000)
Kumar Sangakkara, Mohali, $7,00,000 ($2,50,000).
Glenn McGrath and Mohammad Yousuf have gone back to the reserve pool as there was no opening bid for the two.
12:15 pm: Shah Rukh Khan, owner of the Kolkata IPL team, and his wife, Gauri Khan, entered the Auction Hall just now while the second set of bidding is in progress. Shah Rukh's Red Chillies have already purchased a star player in Pakistan's Shoaib Akhtar for a price of USD 4,25,000.
12:09 am: Shane Warne, bought by Jaipur $4,50,000 (base price $4,50,000)
MS Dhoni, Chennai, $1.50 million ($4,00,000).
Adam Gilchrist, Hyderabad, $7,00,000 ($3,00,000).
Mahela Jayawardene, Mohali, $4,75,000 ($2,50,000).
Muttiah Muralitharan, Chennai, $6,00,000 ($2,50,000).
Shoaib Akhtar, Kolkata, $4,25,000 ($2,50,000)
12:04 pm: The process of players going under the hammer for the Indian Premier League has begun a while ago. Though Shah Rukh Khan, Kolkata team owner has yet to come.
The first round of bidding is over and the following is the price list and the teams who have purchased them:
Shane Warne, bought by Jaipur $4,50,000.
MS Dhoni, Chennai, $1.50 million.
Adam Gilchrist, Hyderabad, $7,00,000.
Mahela Jayawardene, Mohali, $4,75,000.
Muttiah Muralitharan, Chennai, $6,00,000.
Shoaib Akhtar, Kolkata, $4,25,000
11:43 am: As the final minute briefing is going on, the Auction Hall is anxiously awaiting the arrival of Bollywood ka Badshah, Shah Rukh Khan, owner of the Kolkata IPL team."He is on his way," is the word from the event management group.
11:38 am: The IPL Player Auction has begun just now. The door of the Auction Hall has closed. Among the last 'guests' to arrive is Preity Zinta, who was part owner of the Mohali Franchise. The IPL organisers are briefing the team owners about the auction procedure for one final time.
So, finally, the floor is open.
Let the auction begin!
11:26 am: All is in readiness for the start of the IPL Players Auction. It is nearly half an hour past the scheduled start and still some more 'guests' have to arrive. The word from the event management group is that the members inside are discussing inside the Auction Hall as they get ready for the first-of-its-kind auction. "It will start in 10 minutes" is what one Public Relation Officer says.
Meanwhile, the media centre is noisy with all the television channels going on air with their views on the IPL.
The time is 11 am, the start of the first ever cricket players' auction. The door of the Auction Hall is still not closed. Still some more important people to walk in, though there is no official confirmation on the same.
Former India captains Sourav Ganguly and Rahul Dravid, icon players for their respective IPL teams, Kolkata and Bangalore, arrived at the Auction Hall 45 minutes before the scheduled start.
Representatives of the IPL teams are walking in with the hope of making the best catch as the day progresses.
With the first of its kind in India where cricketers are put up for sale, everyone is excited about the auction.
IPL chairman Lalit Modi ensures that everything is in order. And drops in at the adjacent already-busy media centre to ensure all is in place.