IPL Auction Day 1 Highlights: INR 27 crore man Pant, Shreyas and Venkatesh the headline makers on Day 1

IPL Auction LIVE: He was initially declared to have been sold to SRH for INR 2.80 crore but KKR had lifted a paddle! The bid continues but SRH wins it with their next one itself.

IPL Auction LIVE: Yash Dhull went unsold after which Abhinav Manohar is now the subject of a bidding war.

IPL Auction LIVE: Karun Nair in the uncapped players list thanks to the new rule, it has been since he last played for India. DC and RCB raise their paddles for him, his base price was INR 30 lakh and he goes for INR 50 lakh.

IPL Auction LIVE: KKR start the bid and they duel with CSK. The latter finally pull out at INR 2.80 crore, Angkrish Raghuvanshi returns to KKR.

IPL Auction LIVE: Big payday for the 24-year-old and he will now play for franchise that represents the state he plays for as well. CSK started the bidding and they went toe to toe with PBKS until the latter bid INR 2.60 crore. GT showed interest and pulled out at INR 3.60 crore, DC then bid for INR 4 crore but PBKS stayed put. MI opt not to use the RTM option.

IPL Auction LIVE: Atharva Taide was the first player in this set, he went to SRH. Anmolpreet Singh came next and he was unsold but now we have a proper battle for Nehal Wadhera!

IPL Auction LIVE: We start with uncapped batters. These are the players in the first set:

Yash Dhull

Abhinav Manohar

Karun Nair

Angkrish Raghuvanshi

Anmolpreet Singh

Atharva Taide

Nehal Wadhera

IPL Auction LIVE: This is what the KKR CEO had to say about splurging on his namesake. “The auctions are this way only. At the end of the day, it is about the player you want and the type of player you want. It [the prices] surprises you all the time. When you have salary caps that keep going up, the prices will expand. For us, it was about keeping our core. We kept six players and have brought 2-3 players back from last year. That was the thinking. We definitely didn’t want to find ourselves in a situation where we would not want him back. But on an overall basis, it all balances out.”

IPL Auction LIVE: Pant may be the record buy but the biggest surprised surely is Venkatesh Iyer. He is the only player from outside the marquee set to have made it to the top five biggest buys.

IPL Auction LIVE: MI bid for Noor, CSK joins them and the two keep going until CSK seem to have secured his services at INR 5 crore. However, GT activate the RTM card, CSK respond by bumping their bid up to INR 10 crore. That's that.

IPL Auction LIVE: MI are the only other side interested in Hasaranga apart from RR. The two battle around until RR wins the bid at INR 5.25 crore.

IPL Auction LIVE: Well that's a steal. SRH bids for Zampa, RR lifts the paddle once and then SRH take him for INR 2.40 crore. Zampa to play under Australia teammate Cummins next season.

IPL Auction LIVE: Chahar's base price is INR 1 crore and it is only SRH and MI who are interested initially. MI pull out at INR 1.90 crore, LSG join the bid at INR 2.20 crore. SRH finally seal it off at INR 3.20 crore.

IPL Auction LIVE: The Sri Lankan is the first name in the next set of capped spinners. RR start the bid and there is silence for a while. Then MI join and the price is pumped up to INR 4.40 crore before RR seal it.

IPL Auction LIVE: That lethal combination of Boult and Bumrah is back at MI. It was exclusively between RR, the side he played for until last season, and MI, the side he played for before RR. The bid reaches INR 7 crore in no time after which both sides take their time. In the end, MI prevail and this, believe it or not, is their first acquisition of the day.

IPL Auction LIVE: It's a big payday for T Natarajan and doesn't he deserve it. He was crucial to SRH's run to the final last season and now, he won't be playing for them for the first time.

IPL Auction LIVE: SRH and RCB do the initial jousting. SRH pull out at INR 4 crore after which DC enter the fray on INR 4.40 crore. The bid soars and soars and RCB have now put forward INR 10 crore for the pacer.

IPL Auction LIVE: Well that was quick. CSK and LSG were the sole competitors for Khaleel's services. LSG's final bid was INR 4.60 crore.

IPL Auction LIVE: Long deliberations after RR's INR 12.50 crore bid and then MI shake their heads. Archer is going back to RR.

IPL Auction LIVE: The pacer seems to be slowly putting his injury troubles behind him and it is reflected at the rate at which this bid has cascaded. LSG first bid for him, MI raised the paddle and the bid shot up to INR 8.25 crore. RR took a jab at INR 8.50 crore at which point LSG pulled out but MI persist.

IPL Auction LIVE: The younger Indian fast bowlers are all going at no less than INR 8 crore it seems.

IPL Auction LIVE: It remains a contest between RR and GT and the latter finally win it. RR's last bid was INR 9.25 crore. LSG start the bidding at INR 2 crore, PBKS raise their paddle for INR 2.20 crore and the two sides have been locked in battle ever since. The bid has now reached INR 6 crore with PBKS.

IPL Auction LIVE: RR started the bid, GT challenged it and the INR 2 crore base price quickly went up to five. The bidding has been slower since and for now, GT have it at INR 7 crore.

IPL Auction LIVE: RCB couldn't get Mitchell Starc but they have got his teammate, and most would argue better bowler in red-ball cricket for sure.

IPL Auction LIVE: We are on to the next set and that is of capped fast bowlers. The first man is Josh Hazlewood and his bidding soared to INR 3.60 crore. CSK were interested till INR 3.20 crore fighting with DC, now LSG comes in at INR 3.60 crore.