The stars from the world of badminton descend as franchises tussle to rope the best of the best for success, glory and triumph in the inaugural edition of the Indian Badminton League (IBL).
Now for real action from August 14 as the top badminton stars fight it out in the $ 1 million IBL.
17:42 (IST) - With Ashwini Ponnappa being bagged by the Pune Pistons franchise for USD 25,000, the Indian Badminton League 2013 auctions come to a close.
17:15 (IST) - K Nandagopal, brother of the Thailand Open winner K Srikanth, acquired by Lucknow Warriors for his base price of USD 10,000.
17:14 (IST) - Aditya Prakash and Rupesh Kumar selected form the reserves by Pune Pistons while J. Meghana snappled for her base price of USD 400 by Lucknow Warriors.
16:40 (IST) - Maneesha K. given due for her consistent domestic performances with Lucknow Warriors buying her for USD 26,000.
16:39 (IST) - Aparna Balan, who has represented India at various international events and also won the national mixed-doubles with V. Diju in 2006, sold to Banga Beats for USD 12,000.
16:35(IST) - Pradnya Gadre, the current doubles partner of Ashwini Ponnappa, sold to Hyderabad Hotshots for USD 46,000. Her base price was USD 10,000.
16:27 (IST) - Arun Vishnu taken up by the Pune Pistons, acquired for USD 26,0000
16:25 (IST): Experienced Indian shuttler V. Diju, who is also the mixed doubles partner of Jwala Gutta, bagged by the Delhi Smashers for $30,000.
16:23 (IST) - Manu Attri bought by Mumbai Masters at the base price of USD 10,000, Akshay Dewalkar bagged by the Banga Beats for USD 36,000 and Tarun Kona was sought by Hyderabad Hotshots and acquired after a stretched bidding-battle for USD 28,000
15:55 (IST) - World Number 4 in men's doubles - Joachim Fischer Nielsen - has been bought at his base price of USD 35,000, by Pune Pistons.
15:25 (IST) - Delhi Smashers' aggressive buying spree continues. Malaysia's Boon Heung Jan has been bought for USD 50,000, double the base price.
15:16 (IST) - Denmark's Carsten Morgensen has been bought by Bangalore at his base price of USD 50,000. The 29-year-old will be part of the doubles team.
14:55 (IST) - The auction now approaches it's most crucial stage with purses being clutched onto a little bit tighter, despite them being fairly light after some hotly-contested battles. Remaining in the fray are some very talented - though lesser known - shuttlers who can be the big difference in the tournament.
14:26 (IST) - And Sania Mirza has just spoken to members of the press. The brand ambassador of the Delhi Smashers says while she is backing her IBL franchise to the hilt, her heart still beats for Hyderabad.
13:59 (IST) - Four-time national champion Chetan Anand is unsold. He had a base price of USD 7500.
13:38 (IST) - Indonesia's Taufiq Hidayat sold to Hyderabad Hotshots at his base price of USD 15,000. No fight, no duel for the former champion.
13:29 (IST) - IBL is not just for the superstars but will also provide a platform to young players. With each franchise mandated to have at least one young player, it is a golden opportunity for them to showcase their talents. Also, all the players who do not find buyers will go into the reserve pool and will be auctioned once again.
13:22 (IST) - Big stars and icon players aside, little-known Vietnamese Tinh Minh was fought over by Delhi and Pune. He was eventually bought by Pune Pistons for USD 44,000. His base price was USD 25,000!
13:10 (IST) - World Number 7 Tine Baun of Denmark bought at base price of USD 30,000 by Mumbai Masters.
12:45 (IST) - 30-year-old German shuttler Juliane Schenk has created quite a buzz. A tussle to have her play for them resulted in Delhi Smashers coming out on top. Base price of USD 50,000 upped to USD 90,000 for her. She is currently ranked 4 in women's singles.
12:25 (IST) - How many teams in IBL? Here's the full list: Krrish Delhi Smashers, Lucknow Warriors, Pune Pistons, Mumbai Masters, Banga Beats and Hyderabad Hotshots. (Also read: Sahara rope in former All-England champ as coach of Lucknow Warriors)
12: 15 (IST) - Indian shuttlers' updates - P Kashyap (USD 75,000) will play for Bangalore's Banga Beats; PV Sandhu will feature for Lucknow Warriors for USD 80,000; Jwala Gutta has been bought by Delhi Smashers for USD 31,000. (Also read: Sania Mirza is Delhi Smashers' brand ambassador)
12:05 (IST) - And now World No. 1 men's player Lee Chong Wei of Malaysia has been bought by Mumbai Masters for USD 1, 35,000. That's more than even Saina's price! (Did you know? Sunil Gavaskar, actor Nagarjuna have bought stakes in Mumbai Masters)
11:50 (IST) -And the auctions get underway with London-based auctioneer Bob Hayton starting the proceedings. Saina Nehwal, with all eyes on her, is bought by Hyderabad Hotshots for a whooping USD 1,20,000. Arguably the biggest star in the fray, the ace Indian shuttler had said she hoped to either play for Hyderabad or Lucknow. She should be mighty pleased with this.
11:35 (IST) - IBL in numbers
The money at stake in the IBL
The money at the disposal of the six franchises
The base price for the six icon players
Number of Indian players in each franchise
Number of foreign players in each franchise
Number of junior national player in each franchise
11:25 (IST) - While organisers and all others involved have been pitching IBL to be a sensational format of an exciting sport, the tournament has had its share of rough patches with the auctions being postponed thrice.
11:20 (IST) - The IBL has tweaked international rules to make the sport more interesting and rivetting - both for players and especially for the spectators. For example, the victor in IBL will be the one who first reaches 21 points in the first two games unlike established rules where he/she needs a two-point gap.
Also, if the game goes into the third and decider set, it will be an 11-point match and not a 21-point final battle as has been prevalent. (Read: New scoring system creates a buzz)
11:00 (IST) - The Indian Badminton League auction will take place today with close to 150 players going under the hammer.
A novel concept, the IBL is set to revolutionise the sport in India as well as globally.