Here's a list of the day's millionaires, courtesy our sports correspondent K.C. Vijay Kumar.
Gautam Gambhir continues leads the million dollar club in the IPL player auction.
The millionaires:
Gautam Gambhir , Kolkata Knight Riders, $2.4 million
Yusuf Pathan, Kolkata Knight Riders, $2.1 million
Robin Uthappa, Pune, $2.1 million
Rohit Sharma, Mumbai Indians, $2 million
Irfan Pathan, Delhi Daredevils, $1.9 million
Yuvraj Singh, Pune, $1.8million
Saurabh Tiwary, Royal Challengers Bangalore, $1.6 million
Mahela Jayawardene, Kochi, $1.5 million
Dale Steyn, Deccan Chargers, $1.2 million
AB de Villiers, RCB, $1.1 million
Cameron White, Deccan Chargers, $1.1 million
Jacques Kallis, Kolkata Knight Riders, $1.1 million
Muttiah Muralitharan, Team Kochi, $1.1 million
Ross Taylor, Rajasthan Royals, $1 million
6:00: Paul Collingwood, the last batsman to be acutioned today, base price $200,000. Rajasthan Royals buy him for $250,000.
5:59: Subramaniam Badrinath, Chennai bids first, Kochi fights for him, Badrinath worth $700,000 to Chennai, Kochi makes a last second $750,000 bid, Chennai responds instantly, $800,000 for Badrinath, sold to Chennai.
5:53: Cheteshwar Pujara, opening bid $100,000. Chennai makes the opening bid. Delhi nudges in, Royals are very interested, make a bid of $550,000. Challenged by Bangalore, $600,000. Royals make a bid of $700,000, and buy Pujara. Rajasthan not thrilled.
5:48: Manoj Tiwary, $100,000 opening bid. Demand from the Deccan, and from Pune, price doubles, keeps rising. Kochi enters late, $260,000. Royal Challengers enter, $270,000. Spirited bidding from Mallya. Kochi looks set to bagging Tiwari, KKR steps in, $375,000. Another new bidder, $400,000. Knight Riders raise the semaphore, Delhi gives in. Tiwary sold to Kolkata Knight Riders f0r $475,000.
5:45: Callum Ferguson, $200,000 opening bid. Royals take on Pune for Ferguson. Nail-biting rally for Shilpa Shetty, but Pune have the last bid. $300,000
5:44: Tamim Iqbal, Bangladeshi batsman, $100,000 opening bid. Remains unsold.
5:42: Heavy bidding for Brad Hodge, who had an opening tag od $200,000. Chennai wants him, Kochi wants hom more. Sold for $425,000.
5:39: Eoin Morgan, base price $200,000. Pune, Rajasthan Royals in the fray. Morgan worth $290,000. Knight Riders come in with $300,000. Royals make another bid, but KKR takes Morgan for $350,000.
5:34: Aussie Aaron Finch, opening bid $100,000. Chennai and Bangalore fight it out again, Finch benefits. Finch sold to Delhi Daredevils for $300,000.
5:32: Kapugedera unsold at $100,000.
5:29: Ramesh Powar rolls in with a $100,000 opening bid. Kochi bids first, King's XI takes interest. Price rises to $160,000. Powar's prices rising ponderously. No other teams interested so far. And Kochi takes Powar for $180,000.
5:28: Nathan McCullum, $100,000 opening bid. Pune bids, and wins.
5:24: Amit Mishra, $100,000 base price. It's Deccan Chargers Vs Royal Challengers now, price at $270,000. Pune wants in, $290,000. Deccan Chargers have the final bid, $300,000. Sold
5:23: Murali Kartik, $200,000 price tag. No takers. Murali Kartik remains unsold.
5:19: Pragyan Ojha, $200,000 price tag. Deccan Chargers and Chennai Super Kings vie for Ojha, Delhi comes in late, pushes the price up, Deccan Chargers holding on, bid $500,000. Sold
5:19: Ajanta Mendis, opening bid $200,000. Waiting for an opening bid, in vain. Mendis remains unsold.
5:16: Ravichandran Ashwin with a $100,000 tag. Chennai bids first, Mallya takes his semaphore and the battle begins. 50,75,200, 525, 50,75, 300...and so on. Chennai SUper Kings prevail, Ashwin sold for $850,000.
5:12: Piyush Chawla, $100,000 opening bid. Royal Challengers, King's XI, Deccan Chargers, Delhi. Prices are soaring. $550,000 and counting. King's XI watched Deccan Chargers and Delhi fight it out, and jumped in. Deccan Chargers back with the ball, $750,000. Punjab not willing to let go, $800,000. Chawla pushing the million mark, Punjab push it up to $900,000. Sold.
5:10: England's Graeme Swann with an opening bid of $400,000. Anderson came in with the same price tag, was passed over. And another Englishman remains unsold!
5:05: Muttiah Muralitharan comes in hot with a $300,000 opening price tag. Pune wants the Sri Lankan, Chennai Super Kings is interested as well. They look set to have him for $475,000, but Kochi enters with a $500,000 bid. Chennai pushed over the $700,000 mark again and over $800,000. Muttiah valued at over a million now, Kochi still interested. And Muttiah Sold for $1.1 mn to Kochi.
12:50: Looks like Bangalore is keen on Botha. Bangalore matching Kochi bid for bid.
12:49: South Africa's spinner Johan Botha now.
12:48: Robin Uthappa going for a huge sum! 2.1 million to Pune!
12:47: Kochi and Pune going head to head for Robin. 2.1 million now for Robin from Pune.
12:43: Kochi and Pune fight for Robin, Bid stands at 1.6 million from Kochi now.
12:43: 1 million from Kochi for Robin Uthappa and we aren't done yet. Bangalore might step in with a bid, they seem keen.
12:42: Big hitter Robin Uthappa up for grabs.
12:41: Team Pune gets Graeme Smith for 500,000. Some laboured bidding there, not too many franchises keen on the South African captain.
12:39: Richard about to drop the hammer but Kochi enter with 420,000 for Smith. Richard Madley explains that he saw the last second bid before he dropped the hammer, so the bid counts.
12:38: Even Graeme Smith not getting too many bids. Stuck at 400,000.
12:37: A little painful to watch as Dravid goes without many bids. Sold for 500,000 to the Rajasthan Royals.
12:35: Ex-Bangalore icon player Rahul Dravid struggling to get bids here.
12:33: 900,000 for Gilchrist to Punjab. The opening bid took a while to come, but the bidding picked up quickly after.
12:31: Unsold? Who am I kidding? Bidding on at 850,000 for Gilchrist now.
12:29: Opening bid at 400,000. So he won't go unsold.
12:29: Adam Gilchrist, you're up
12:28: Keeper-batsman Sangakkara goes to Deccan Chargers for 700,00. Chennai made a brief bid but backed out quickly.
12:26: Sri Lanka's Kumar Sangakkara now.
12:25: Andrew Symonds goes to the Mumbai Indians for 850,000. Mumbai gobbling up players here.
12:23: Chennai Super Kings finally make a bid after staying on the sidelines all through. Will they buy their first player?
12:22: Andrew Symonds up for sale now.
12:21: 2 million for Rohit Sharma! 2 million! Sold to Mumbai Indians! Mumbai with a mammoth bid!
12:20: Priety Zinta and Punjab keen on Rohit Sharma at 1.1 million, but Mumbai and Deccan Chargers enter with 1.4 million bids.
12:19: Can you believe it? 1.1 million for Rohit Sharma. Bidding still on!
12:18: Step up, Mr. Rohit Sharma. Another T20 specialist.
12:17: Kallis sold for 1.1 million to Kolkata after Bangalore exits the race.
12:14: Star player Jacques Kallis up for sale now. Expect some frenzied bidding.
12:13: Cameron White goes to the Deccan Chargers for 1.1 million.
12:11: Can we go back to Ganguly for a minute? Ganguly upped his base price from 200,000 to 400,000, it has backfired on him. No bids for Ganguly. Silence as Ganguly's name is called by Richard Madley, the autioneer. There was talk that Ganguly might go unsold, turns out to be true in the end.
12:11: Cameron White is up next.
12:09: And we're back with the bidding. Major setback for Saurav Ganguly, he goes unsold!
12:04: Right, a quick recap of the players sold so far. We have K.C. Vijaya Kumar, our sports correspondent, with the roundup:
Players sold at 12 noon.
Gautam Gambhir , Kolkata Knight Riders, $2.4 million
Dilshan Tillakaratne, Royal Challengers Bangalore, $650,000
Zaheer Khan, Royal Challengers Bangalore, $900,000
Ross Taylor, Rajasthan Royals, $1 million
Yusuf Pathan, Kolkata Knight Riders, $2.1 million
Kevin Pietersen, Deccan Chargers, $650,000
Mahela Jayawardene, Kochi, $1.5 million
Yuvraj Singh, Pune, $1.8million
AB de Villiers, RCB, $1.1 million
IPL 2011 - IPL season 4 , Schedule , Auction , Teams , Players IPL 2011 Schedule and Fixtures | IPL 2011 | Cricket
Live Update
11:29: In no time, 1 million for Yusuf Pathan. Bidding still in progress.
11:27: And now, we have the big gun - Yusuf Pathan. Bidding begins in earnest. Will this be the record buy? Let's wait and see.
11:26: Rajasthan Royals get Ross Taylor for exactly 1 million. Nicely done Rajasthan, Ross Taylor is a great T20 buy.
11:24: Bid stalls at 850,000 for Ross Taylor. Bangalore almost gets him, but Rajasthan enters the fray with 900,000. This auction is full of last minute surprises!
11:23: Time for New Zealand's explosive Ross Taylor. Who wants some? Base price 400,000.
11:22: Bangalore steals Zaheer Khan from Mumbai and Delhi. Zaheer sold for 900,000 to Bangalore! Prize catch! Last minute bid from Bangalore snares the left arm pacer.
11:20: A bit of a tussle between Delhi and Mumbai for Zaheer. 850,000 USD right now with the Mumbai Indians. RCB enters at 900,000.
11:19: Zaheer Khan, India pacer, now. He has a base price of 300,000 USG
11:18: 650,000 USD for Dilshan, bought by Bangalore. A bit of a bargain if you ask me, I think he is definitely worth more.
11:17: Each team can spend a maximum of 9 million, so spending 2.4 million on just Gambhir is quite something.
11:16: Dilshan can be be murderous in this form of the game. Expect skyrocketing prices for the Sri Lankan too.
11:15: Sri Lankan dasher Dilshan under the hammer now.
11:14: What a brilliant start to the auction! Gambhir is sold to Kolkata Knight Riders for 2,400,000 USD. 2.4 million for Gambhir! 11.4 crore for the India opener!
11:12: Gambhir was about to be sold for 1,900,000 but Kolkata comes in with a 2 million bid. Hot property, Gambhir.
11:09: Pune and Mumbai in a bidding war. The bid stands at 800,000 for Pune, but wait, we have a new entrant. Bangalore comes in with 900,000 USD!! The bid is still on, 1 million now by RCB.
11:06: You can cut the tension with a knife. Richard Madley, the auctioneer, puts Gautam Gambhir up for sale. His base price is 200,000. "I hear 250,000 for Mumbai. Now 260,000". This is exciting. Let us wait and see how much Gautam Gambhir is sold for.
11:04: The IPL chairman Chirayi Amin: "I'd like to congratulate all the team owners and wish you all the best in the auction. Also, good luck to the players."
11:03: And we're off! Introductory speeches begin.
11:01: Right, let us go through the rules for a bit. Each team needs to have a sqaud of 30 players, with not more than 10 overseas players.
10:59: I think the most interesting part of today will be the auction of Brian Lara. His base price is 400,000 USD, a bit steep for a player who hasn't played competitive cricket for three years.
10:56: Vijay Mallya, the owner of the Bangalore franchise plays down the importance of money at the auction. "It isn't about the money you have in your pockets, it is about picking a well balanced squad," he says.
The team owners and officials are gathering in the auction room in Bangalore now. We are minutes away from bidding action.
Welcome to The Hindu's live coverage of the IPL player auctions 2011. 48 Indians up for 'sale', and a total of 353 players to be auctioned today and tomorrow.
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