Ravindra Jadeja and Mahela Jayawardena were the big buys as teams went out all guns blazing for the marquee players. While only 25 players were sold, surprises were at plenty at the auction.
Two-way battle ensured that Ravindra Jadeja made merry in the auction. He was the highest paid-for with his eventual price tag at over $2 million, finally going to Chennai Super Kings after a tie breaker.
Mahela Jayawardena's class continues to find franchises in awe. He went to Delhi Daredevils for $1.4 million.
After Jayawardena, another ex-Kochi player hit the million mark. Vinay Kumar was bought by the Royal Challengers Bangalore for exactly $1 million.
Brendon McCullum was the first player to be sold and he went to Kolkata Knight Riders for USD 900,000.
Thisara Perera was one of the players who got stuck in the plans of two teams and made the most out of it. The Sri Lankan went for a massive $650,000 to the Mumbai Indians.
Parthiv Patel made the most from a 3-way bidding spree, finally going to Deccan Chargers for $650,000.
Andre Russell became the first player sold in the all-rounders category, to Delhi Daredevils for $450,000.
There was speculation about whether Sreesanth would feature at the auction or not because of his recent injuries. His name was announced and it seemed like none of the franchises were prepared. He went to Rajasthan Royals at the base price of $400,000.
Veteran Muttiah Muralidaran did not excite many bidders. He was sold to Royal Challengers Bangalore for $220,000.
Azhar Mahmood's all-round capabilities still has admirers and his newly attained British citizenship meant that the former Pakistani cricketer could evade the ban on players from his native country. He was sold for $200,000 to the Kings XI Punjab.
The bidding on Ramesh Powar was mild and it finally ended on a $160,000 call from former side Kings XI Punjab.
Spinners seemed to be much in demand at the IPL auction. Robin Peterson went for his base price of $100,000 to the Mumbai Indians.
His much hyped similarity to great Brian Lara did not excite bidders the first time around but the Deccan Chargers laid their faith in the stylish left hander in the second round of bidding. He was sold for his base price of $100,000.
Daniel Harris' strike rate in domestic T20s in Australia is over 140 and that was enough to invite a $70,000 bid from the Deccan Chargers.
Hard-hitting Herschelle Gibbs was surprisingly not on most of the franchises agenda. He went to Mumbai Indians for $50,000.
Fast bowlers were less in demand at the auction which meant that promising Doug Bracewell had to wait until the second round of bidding to be sold for his base price of $50,000 to the Delhi Daredevils.
Marchant de Lange's 7-wicket debut was enough to earn him a $50,000 selling price from Kolkata Knight Riders.
He has been picked, dropped for two years and then doubted over his action, but he is just 23 years old. West Indies' Kevon Cooper has made the headlines and now the Rajasthan Royals side too for $50,000.
May 27 2012,20:00 (IST)
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May 20 2012,20:00 (IST)