Yuvraj Singh to Royal Challengers Bangalore for Rs 140m

Dinesh Karthik to Delhi Daredevils for Rs 125m

Kevin Pietersen to Delhi Daredevils for Rs 90m

Mitchell Johnson to Kings XI Punjab for Rs 65m

Jacques Kallis to Kolkata Knight Riders for Rs 55m

David Warner to Sunrisers Hyderabad for Rs 55m

Virender Sehwag to Kings XI Punjab for Rs 32m

Mahela Jayawardene was UNSOLD

Chris Gayle
Chris Gayle Reuters

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11:14: That's it and we bring an end to the first day of the IPL auction and we will be meet you here tomorrow at 10am IST (Local Time)/4:30am GMT. Till then have a great day ahead and take care.

Thanks for joining us today and let's hope there will be more surprises in tomorrow's auction.

11:10: UNSOLD...!!! Simon Jones is left unsold and we move to the final set, the set of fast bowlers.

11:06: SOLD...!!! Matt Henru sold for Rs 3m to CSK. Finally we have a player signed by a team.

11:02: Still we have no player SOLD as of now. All of the players auctioned are left UNSOLD.

10:49: All we are listening the past fe minutes is UNSOLD, UNSOLD and UNSOLD.... No teams are looking to do any business as there are hardly any communication from the team officails for the auction of the players in the final session on Wednesday.

10:47: Capped Indian players Mohammad Kaif and Hemang Badani are also not attracting any attention from the teams as the duo were left UNSOLD.

10:42: Shaun Tait and Wayne Parnell has also no takers as the two goes UNSOLD...!!!

10:39: Australia's Doug Bollinger and Patric Cummins go UNSOLD...!!!

10:38: A lot of players are beingunsold and we move to set NO 19, which is that of fast bowlers.

10:31: Richard Levi, Colin Munro, Lahiru Thirimanna, Philip Hughes and Vaughn Van Jaarsveld are all UNSOLD..!!!

10:29: We are heading into the final session of the auction now and the fourth set of batsman will be made available for the auction.

10:23: There will be a five minute break now. Let us hope there would be some sort of business on the other side of th break.

10:22: It looks like the auctioner is just picking up the names of the players from the set and just bringing the hammer down to say the "Player in UNSOLD."

10:20: Devendra Bishoo, Ashley Nurs, Fawad Ahmed, Nikita Miller and Nicky Boje have no takers and thus are UNSOLD...!!!

10:19: We head to the set of spinners now and we need to wait and watch if there will be any business done from this set.

10:12: SOLD...!!! The Royals add Kane Richardson now for Rs 10m after lanindg Cutting. Two bowlers from the same group and both are overseas players. It may not be a wise option from Rajasthan.

The teams should focus on Indian players as the starting line up needs to have seven Indian and only four overseas players.

10:08: UNSOLD...!!! Fidel Edwards have no interested buyers. Meanwhile Ben Cutting is gathering interest from Mumbai and Rajasthan. Cutting is SOLD..!!! for Rs 8m and the Royals will get his services.

10:06: UNSOLD...!!! Johan Botha, James Franklin and Andrew McDonald are unsold.

10:05: SOLD...!!! James Neesham has been signed by the Delhi Daredevils.

10:02: We move to set of all rounders now and the number of bids have drastically reduced. The financial cap is the major reason for the teams to chose the players wisely.

10:00: Just minutes later I said there were no business done from this set, Sunrisers sign Venugopal Rao for Rs 5.5m.

9:58: There have been no business done so far from this set by the teams so far.

9:55: We move on the batsmen now and we already have Neil McKenzie, Chris Lynn and Herschelle Gibbs left UNSOLD...!!!

9:51: Ramesh Powar, Brad Hogg and Akila Dananjaya also have no takers as they are left UNSOLD...!!!

9:48: UNSOLD...!!! Imran Tahir, Nathan Lyon and Suraj Randiv have no buyers om the first day of the auction. They will be hoping to be sold on the second day.

9:47: SOLD...!!! Samuel Badree is sold to CSK for Rs 3m. The Royals reject the option to use RTM.

9:46: Rangana Herath is next in the list and he is likely to follow Benn in being left out.

9:45: The break was more than ten minutes and we are back again. Sulieman Benn is the first player from the second set of spinners. His base price is Rs 3m and he goes UNSOLD...!!!

9:31: Surprised to see Indian fast bowlers RP Singh and Munaf Patel left UNSOLD...!!!

9:28: UNSOLD...!!! Munaf Patel has no takers and with that there will be a 10 minutes break.

9:25: SOLD...!!! Mohit Sharma will play for CSK after the Chennai based side managed to land him in the auction.

9:24: SOLD...!!! Unadkat will play for the Daredevils in the seventh edition of the IPL after the landed him for Rs 28m.

9:23: Jaydev Unadkat has a base price of Rs 10m.

9:20: SOLD...!!! Varun Aaron is sold to RCB for Rs 20m. Delhi once again rejects the option to retain the player.

9:19: RCB and Sunrisers are set for bidding war in landing Varun Aaron.

9:17: The opening bid of Rs 20m comes from CSK and they manage to land the left-arm bowler. Delhi rejects the option of RTM, leaving Chennai to land Ashish Nehra.

9:16: Balaji is finally SOLD...!!! for Rs 18m. Ashis Nehra follows him for the auction.

9:15: The bidding is going on for Lakshmipathy Balaji now. RCB and King XI are fighting for the bowler.

9:13: SOLD...!!! Nathan Coulter-Nile is finally sold as Delhi managed to get the Australian. They edned up paying Rs 42.5m in the end.

9:12: After the auctioner put the hammer down for the sale of Nathan Coulter-Nile, the Royals claim they made the final attempt in signing the player.

9:11: There is some sort of confusion with Nathan Coulter-Nile.

9:09: UNSOLD...!!! Bret Lee followers RP Singh as the Australian also has no takers for the seventh edition of the IPL.

9:07: RP Singh if the first player of the latest set and he goes UNSOLD...!!!

9:03: SOLD...!!! Moises Henriques sold to Sunrisers for Rs 10m.

8:59: SOLD...!!! Anderson will play for Mumbai Indian in the seventh edition of the IPL after he was sold for Rs 45m.

8:57: SOLD...!! Glen Maxwell and Laxmi Rata Shuklave have been sold. Corey Anderson is set for auction now.

8:48: Let us move to the next and the tenth set, which includes all rounders. Corey Anderson is the star attraction here and could be set for a bidding war.

8:46: SOLD...!!! Brendan Taylor has been sold for Rs 3m as Sunrisers have landed the wicket-keeping batsman. Could it prove a very vital signing? Hyderabad will be hoping for the same.

8:44: The number of players UNSOLD...!!! is way too high as we have very limited activities from all the teams. This is getting a little boring now.

8:42: UNSOLD...!!! Tim Paine, Kaushal Silva and Andre Flethcer have not gathered any sort of interest from any of the eight teams.

8:41: There has been no much activities after the post lunch sessions as we move on the ninth set, which is the second set of the wicket-keepers. Tim Paine is the first of the lot.

8:41: UNSOLD...!! Marlon Samuels, Subramaniam Badrinath, Ian Bell, Tamin Iqbal and Martin Guptil have no takers today.

8:37: SOLD...!!! Saurubh Tiwary will play for Delhi after he was sold for Rs 7m.

8:36: Saurubh Tiwary is set for a bidding war. RCB can use RTM. Will they use it?

8:35: Alex Hales is now and likely to be unsold. UNSOLD...!!! No teams are intersted in the Englishman.

8:34: UNSOLD...!!! Despite being brother of CSK star Dwayne Bravo, Darren Bravo went unsold on the first day of the auction.

8:33: SOLD...!!! Nic Maddinson for Rs 5m. RCB it is who does the first business of the afternoon session.

8:32: UNSOLD...!!! White goes unsold.

8:30: Cameron White is the first player to be auctioned in the aftrenoon session. Will he be sold?

8:30: Welcome back for the second session as we are ready for the eight set, which inlcudes batsmen.

8:29: RCB's new addition Yuvraj Singh took no time in talking to his new teammates on Twitter.

8:21: We are just less than ten minutes for the auction to resume.

7:05: LUNCH BREAK. THE AUCTION WILL RESUME AT 2pm IST/8:30am GMT.

7:04 That's it for the time being as we have a lunch session of 90 minutes and we will be back after the break.

7:03: SOLD...!!! Sri Lankan spin legend Muttiah Muralitharan is sold for Rs 10m as RCB lands the spinner.

7:03: UNSOLD...!!! Robin Peterson it is the latest one to be unsold.

7:01: SOLD...!!! Delhi were succesful in beating Bangalore in landing Rahul Sharma for Rs 19m.

7:00: The Challengers and the Daredevils are fighting for Rahul Sharma.

7:00: Rahul Sharma it is now.Will he be sold today?

7:00: UNSOLD...!!! Nathan McCullum also joins Mendia and Karthik as even he goes unsold.

6:57: UNSOLD...!!! Ajantha Mendis goes unsold. Murali Karthik follows him and as no teams decide to land him.

6:56: SOLD...!!! Ojha is sold for Rs 32.5m Mumbai are taking time to see if they can exercise RTM in retaining him. MI decide to retain the spinner now.

6:54: Pragyan Ojha follows Chawla.

6:54: SOLD...!!! Chawla sold to KKR for Rs 42.5m.

6:50: Piyush Chawla is the first bowler from the seventh set and has a base price of Rs 5m. Will he go unsold?

6:49: The final set before th lunch break. The seventh set will include spin bowlers after the sixth had pacers in it.

6:47: SOLD...!!! Morne Morkel sold for Rs 28m. KKR makes a good business in signing the South African fast bowler.

6:46: KKR, Rajasthan and Mumbai are fighting to land Morne Morkel. The Knight Riders have made a bid of Rs 28m.

6:46: Teams going slow on Morkel as he was expected to be a part of the bidding war.

6:45: Morne Morkel it is now with a base price of Rs 15m.

6:44: SOLD...!!! Vinay Kumar sold as Knight Riders land him for Rs 28m.

6:43: Delhi and KKR are fighting for Vinay Kumar while RCB watch carefully as they have an option to retain him by using RTM.

6:42: Vinay Kumar is next. Will RCB land him?

6:42: UNSOLD...!!! Praveen Kumar goes unsold.

6:41: Praveen Kumar is the next fast bowler in today's auction. Base price is Rs 20m. Looks like he will be gone unsold.

6:40: SOLD...!!! KKR manages tp land Umesh Yadav for Rs 26m.

6:39: Hyderabad make a last dicth attempt in landing Yadav as they look to beat KKR and CSK.

6:38: Umesh Yadav is being auctioned now.

6:37: SOLD...!!! Rampaul sold for Rs 9m and it is RCB's third bowler signing after landing Starc and Dinda.

6:36:Ravi Rampaul gets an opening bid of Rs 5m from the Challnegers. KKR are looking to take away RCB's former player.

6:35: SOLD...!!! Shami sold to the Daredevils for Rs 42.5m.

6:34: Bidding war for Shami going on now.

6:33: Mohammed Shami makes it the third consecutive Indian bowler in the auction

6:32: SOLD...!!! Bhuv sold for Rs 42.5m as Sunrisers make it two in a row after landing Ishant Sharma.

6:31: Bhuvaneshwar Kumar is the latest player being auctioned.

6:30: SOLD...!! Ishanth Sharma sold for Rs 26m as Sunrisers land the bowler.

6:28: Ishant Sharma is next as Sunrisers were the only bidders interested in the pacerman. However, RCB have joined the bid now. Can they make three in a row?

6:27: Ishatnt Sharma is next in the bowler's set.

6:26: SOLD...!!! RCB again and land Dinda after managing to land Starc.

6:25: Ashok Dinda is the next player and CSK have made an opening bid of Rs 10m.

6:25: SOLD...!!! Starc sold to RCB for Rs 50m.

6:24: We are back after the break and Mitchell Starc is the first player to be auctioned from the sixth set.

6:16: UNSOLD...!!! David Hussey, Angelo Mathews and Dilshna goes unsold

6:15: SOLD...!!! Irfan Pathan sold to Sunrisers for Rs 24m

6:10: SOLD...!!! RCB land Morkel for Rs 24m.

6:09: South African all rounder Albie Morkel is next with the base price of Rs 15m.

6:08: SOLD...!!! Thisara Perera will play for Kings XI as they buy him for Rs 16.5m.

6:05: SOLD...!!! Hyderabad sign Pathan for Rs 32.5m. But KKR use RTM in retaining the player.

6:04: Yusuf Pathan is now and Sunrisers have opened the bid of Rs 20m.

6:03: SOLD...!!! Steve Smith is sold to the Royals.

6:01: Steve Smith is the first player to be auctioned from the fifth set, which is set of all-rounders. His base price is Rs 20m.

5:57: SOLD...!!! RCB land Parthiv Patel. That brings them a wicket-keeper while Mathew Wade goes unsold.

5:56: Parthiv Patel it is now.

5:54: We are back after the break and have seen Naman Ojha going usold while Quinton De Kock beind sold to Delhi Daredevils while Wriddhiman Saha was signed by Kings XI.

5:39: SOLD...!!! Dwayne Smith sold to CSK for Rs 45m.

5:38: Dwayne Smith, whose base price is Rs 15m is set for bidding war between CSK amd Kings XI, while Mumbai are looking to use RTM.

5:37: SOLD...!!! KKR land Robin Uthappa for Rs 50m while the Royals retain Brad Hodge.

5:28: Robin Uthappa is set for bidding war.

5:25:SOLD...!!! JP Duminy is the next player to be sold. He joinx Delhi

5:24: SOLD...!!! Pujara sold for Rs 19m as Kings XI managed to land the taleneted batsman.

5:22: Cheteshwar Pujara is the next player in the auction with a base price of Rs 15m.

5:22: SOLD...!!! Sunrisers land Finch for Rs 40m.

5:20: Aaron Finch is now the latest player set for bidding war.

5:20: UNSOLD...!!! Taylor goes unsold.

5:19: Back after the two minute break and Ross Taylor is set for auction with a base price of Rs 20m.

5:17: Two minute break and the auction will be back again.

5:14: SOLD...!!! Zaheer has been signed by Mumbai Indians for Rs 26.5m. RCB rejects the chance to use RTM.

5:13: SOLD...!!! Mishra sold to Sunrisers for Rs 47.5m

5:13: Amit Mishra is one now being auctioned.

5:12: SOLD...!!! Mumbai land Hussey for Rs 50m.

5:09: Delhi and Mumbai are fighting for Hussey.

5:09: Michael Hussey it is now.

5:08: SOLD...!!! Brendon McCullum is sold to Chennai Super Kings for Rs 32.5m.

5:07: The New Zealand hard-hitting batsman is being chased by Hyderabad and Mumbai Indians.

5:06: Brendon McCullum is now being auctioned with a base price of Rs 20m.

5:05: SOLD...!!! Karthik has been sold to Delhi Daredevils for Rs 125m.

5:04: Karthik is the gone over Rs 100m. The wicket-keeping batsman is set for fight between KKR, Daredevils and Sunrisers.

5:03: Dinesh Karthik is now there in the auction.

5:00 SOLD...!!! CSK use RTM in keeping Faf Du Plessis for Rs 47.5m.

4:59: SOLD...!!! Sunrisers use RTM in retaining Sammy for Rs 35m.

4:58:Darren Sammyis the next player set for bidding war between Delhi Daredevils and RCB.

4:57: SOLD...!!! Bailey sold to Kings XI for Rs 32.5m.

4:55: George Bailey is the next player after the break.

4:46: Mahela Jayawardene went unsold on the first day of the auction, despite the Sri Lankan have a base price of Rs 20m.

4:36: SOLD...!!! Kings XI have signed Johnson for Rs 65m. MI have rejected the chance to use RTM, leaving Punjab to land the Australian without any trouble.

4:36: Mitchell Johnson is the next player and the teams are already set for a bidding war already.

4:35: SOLD...!!! Warner is sold to Sunrisers for Rs 55m.

4:33:Mumbai and Hyderabadare fighting for Warner.

4:32: David Warner it is now for a base price of Rs 15m. Mumbai Indians are the only bidders.

4:30: SOLD...!!! Kings XI have signed Sehwag for Rs 32m.

4:58: Virender Sehwag is the next player with a base price of Rs 20m.

4:57 SOLD..!!! Kallis is sold to CSK for Rs 55m. KKR have used RTM and have retained the South African legend.

4:56: Kallis is set for a bidding war between CSK and KKR at Rs 55m.

4:35: Jacques Kallis is in the auction with a base price of Rs 20m. KKR could use RTM in retaining their former player.

4:23: SOLD..!!! RCB have finally managed to sign Yuvraj Singh for Rs 140m.

4:20: Royal Challengers Bangalore have landed Yuvraj Singh, but Knight Riders have made a last attempt to steal from RCB.

4:19: Yuvraj Singh is the next player being auctiined. His base price is Rs 20m.

4:18: SOLD...!!! Kevin Pietersen was sold to Sunrisers for Rs 90m. But Delhi Darevils use their RTM in order to retain their player from the last season. Pietersen is a Delhi Daredevil player.

4:16: Chennai Super Kings and Sunrisers Hyderabad are in a two horse race in signing Kevin Pietersen.

4:16: Kevin Pietersen is the third player and he is subjected to a bidding war between franchises.

4:14: Mahela Jayawardena, star player of last year for Delhi Daredevils goes unsold.

4:12: SOLD...!!! Murali Vijay is the first player to be sold in the auction. Delhi Daredevils have signed him. Rs 5 Crores.

4:10: Murali Vijay is the first player in the IPL 2014 Player Auctions.

4:09: Richard Madley, the auctioner takes the centre stage for the big event.

4:06: The auction will be done in Indian National Rupees (INR) for the first time.

4:04: The list includes 219 capped players (169 Indians and 50 overseas players)

4:01: Rahul Dravid is there in the attendance in helping Rajasthan Royals bring in new faces to their team.

3:58: The list includes 292 uncapped players in this season's auction. (255 Indians and 37 Overseas players)

3:55:

Here's our first @PepsiIndia intern at #IPLAuction pic.twitter.com/e1vcmaxLBb

— IndianPremierLeague (@IPL) February 12, 2014

3:54: We arejust six minutes away from the start of the auction. Richard Madley will take in charge of the event yet again on Wednesday morning.

3:52: Delhi Daredevils have signed India's World Cup winning coach Gary Kirsten to guide their team this season.

3:47:

Actor Ranbir Kapoor is the first @PepsiIndia @IPL intern at #IPLauction — IndianPremierLeague (@IPL) February 12, 2014

3:42: Rahul Dravid on IPL Auction

I believe that one will need to be very flexible in this auction and you cannot go with too many set plans.

3:38: A new feature, Right to Match has been added to the existing player auction system for the IPL this year. Depending on the number of players retained before the auction, teams will be allowed to redeem their RTM when the players go under the hammer.

3:36: One of the changes in this year is that the uncapped players are also made available during the auction.

3:33: The tables have set for the big occasion at the ITC Royal Gardenia, Bangalore.

3:31: Anil Kumle is with the defending champions Mumbai Indians after having featured in the competition as a player with the Royal Challengers Bangalore.

3:28: We are over 30 minutes away from the start of the auction. The franchises have already worked out their strategies in building the team. All that needs to be checked is will they be successful in landing their targets.

3:26:

"This auction will be very interesting but tricky." - #RahulDravid More here: https://www.rajasthanroyals.com/news20140210.aspx

— Rajasthan Royals (@rajasthanroyals) February 11, 2014

3:25: Rajasthan Royals former skipper Rahul Dravid says the 2014 auction will be interesting but tricky.

IBTimes UK brings you the LIVE coverage of Indian Premier League (IPL) Player auction, offering a blow-by-blow account of the hunt for some of the best-known players in world cricket.

The player auction for the 2014 season starts at 4am GMT/9:30am IST/11pm ET on 12 February, and our LIVE blog will update you on which players are signed by the franchisees and for how much.

The auction for the superstars in world cricket takes place at ITC Royal Gardenia in Bangalore, India.

The list of 514 players made available for the auction includes 219 capped players and 87 overseas (capped and uncapped) players.

Richard Madley, who has presided over each of the previous six IPL auctions, will host it again this year. We are less than an hour away from the start of the event. Read IBTimes UK's preview for the auction HERE.

The eight teams competing in the IPL this year are the following.

  1. Mumbai Indians (MI) [Winners – IPL 2013]
  2. Chennai Super Kings (CSK)
  3. Rajasthan Royals (RR)
  4. Sunrisers Hyderabad (SH)
  5. Royal Challengers Bangalore (RCB)
  6. Kings XI Punjab (KXIP)
  7. Kolkata Knight Riders (KKR)
  8. Delhi Daredevils (DD)