So the auctions are over.
Of the 108 players in the fray, only 37 were bought.
Royal Challengers Bangalore were the biggest buyers, picking up seven players.
Sunrisers Hyderabad got themselves six players while both Mumbai Indians and Chennai Super Kings bought five players each, with the former getting the costliest player of this auction - Glenn Maxwell at US 1 million.
A total of 37 players were bought at the auction today, with a total of 11.89 million spent.
Defending champions Kolkata Knight Riders ended up buying just two players - Sachithra Senananayake and Ryan McLaren.
"We tried to maintain complete transparency," said IPL chairman Rajiv Shukla.
Clint McKay of Australia is bought at his base price (USD 100,000) by Sunrisers Hyderabad.
West Indies player Jason Holder is bought by CSK at his base price (USD 20,000).
South African Ryan McLaren is purchased by Kolkata Knight Riders for his base price (USD 50,000).
But Australian Aaron Finch (200,000) and John Hastings (200,000) remain unsold. So is Englishman Matt Prior (USD 200,000).
Welcome to the final round.
Quinton de Kock goes for USD 20,000 to Sunrisers.
Daniel Christian of Australia goes at his base price (USD 100,000) to RCB.
Sri Lankan Rangana Herath (base price USD 100,000) remains unsold.
Matthew Wade of Australia, with a base price of USD 200,000 remains unsold as well. So are the other Australians Stephen O'Keefe (USD 100,000), Josh Hazelwood (USD 100,000) and Doug Bollinger (USD 200,000).
So is Martin Guptill of New Zealand (USD 100,000).
But CSK buy Akila Dananjay of Sri Lanka at his base price (USD 20,000).
Kane Richardson, the Australian fast bowler, also has luck on his side.
Starting at a base price of USD 100,000, the young Richardson is eventually bought by Pune Warriors for USD 700,000, seven times his asking price.
It is a costly buy and Chennai gave up at the very last call.
Scott Styris of New Zealand (USD 100,000) is unsold. So is Josh Hazelwood of Australia (same base price).
Clint McKay's case (USD 100,000) is also the same. Not sold.
Among the batsmen Travis Birt (USD 100,000), Ben Rohrer (USD 50,00), South Africans Henry Davids and Rilee Rossouw (both USD 20,000) remain unsold.
Among the allrounders Christopher Barnwell of West Indies (USD 50,000) goes to RCB at his base price.
Kevin O'Brien of Ireland (USD 50,000) remains unsold. So is Jacob Oram of New Zealand (USD 50,000).
Among fast bowlers Australian Nathan Coulter-Nile (USD 100,000) is bought by Mumbai Indians for USD 450,000.
Senanayake of Sri Lanka also gets lucky.
From a base price of a mere USD 50,000 he is bought for USD 625,000 by Kolkata Knight Riders.
It is KKR's first buy.
Jeevan Mendis of Sri Lanka is bought at his base price (USD 50,000) by Delhi Daredevils.
Christopher Morris of South Africa is the first lucky player post lunch.
From a base price of a measly USD 20,000, Morris is eventually bought by Chennai Super Kings for a whopping USD 625,000.
Paul Harris of South Africa and Akila Dananjaya of Sri Lanka (both base price USD 20,000) remain unsold.
Rangana Herath of Sri Lanka has a base price of USD 100,000. He is unsold as well.
Suleyman Benn of West Indies is up next. Base price USD 20,000. He is unsold.
Aaron Phangiso of South Africa has a base price of USD 20,000. He is unsold as well.
It's surprising that besides Mendis most of the spinners remain unsold.
It is the spinners turn now.
Cameron Boyce of Australia and Veerasammy Permaul of West Indies remain unsold despite a low base price (USD 20,000). Suraj Randiv and Devendra Bishoo (both USD 50,000) also remain unsold.
Nathan McCullum of New Zealand goes to Sun Risers Hyderabad at his base price of USD 100,000.
Ajantha Mendis' base price is USD 50,000. The Sri Lankan goes for a whopping USD 725,000 to Pune Warriors.
Dirk Nannes' base price is USD 200,000.
He goes to Chennai Super Kings for a whopping USD 600,000.
Fidel Edwards starts with a base price of USD 100,000. Rajasthan Royals get him for USD 210,000.
Doug Bollinger starts at USD 200,000. He remains unsold.
Sudeep Tyagi's base price is USD 100,000. He goes at the same price to Sun Risers Hyderabad.
Surprising this. South African bowler Vernon Philander, who has been impressive of late, remains unsold, despite his base price being as low as USD 100,000.
Ravi Rampaul is up next, base price USD 50,000. He goes for a whopping USD 290,000 to Royal Challengers Bangalore.
So RCB have got three fast bowlers, Unadkat, Pankaj Singh and Ravi Rampaul.
Manpreet Gony, with base price USD 200,000, goes to Kings XI Punjab for a whopping USD 500,000.
Chennai Super Kings and Kolkata Knight Riders, the two finalists last year, are yet to buy any player.
It's the fast bowler's turn now.
Ryan McLaren is the first name in the fray, with base price of USD 50,000. He is left unsold.
Jaidev Unadkat has a base price of USD 100,000. He goes for USD 525,000 to Royal Challengers Bangalore. A great breakthrough for Undakat.
Pankaj Singh is up next for USD 50,000 (base price). He goes to RCB for 125,000.
Jesse Ryder, who played for Pune Warriors last term, starts with a base price of USD 100,000.
The New Zealand allrounder is bought for USD 260,000 to Delhi Daredevils. A good break for Ryder for sure.
West Indies captain Darren Sammy, base price USD 100,000, is sold to USD 425,000 to Sun Risers Hyderabad. A good deal for Sammy this.
Sri Lankan allrounder Thisara Perera (base price USD 50,000), who played for Chennai Super Kings last season, makes a killing at the auction.
He goes to Sun Risers Hyderabad at USD 675,000.
It is the Hyderabad team's first purchase of the auction.
Australian allrounders James Hopes (base price USD 100, 000) and Daniel Christian (same base price) remain unsold.
But another Australian allrounder Moses Henriques (same base price) looks to be in demand, Rajasthan Royals and Royal Challengers Bangalore fight for his signature.
RCB wins the race, buying Henriques for USD 300, 000.
Indian allrounder Abhishek Nayar (base price USD 100,000) is a bone of contention between Chennai and Rajasthan before Delhi enter the fray followed by Sun Risers and Bangalore and Pune.
Nayar's supreme form in Ranji Trophy goes in his favour as he sold to
Pune Warriors at USD 675,000.
The second category of players are the batsmen.
The likes of Aaron Finch, Upul Tharanga, Martin Guptill, Darren Bravo and Ravi Bopara remain unsold, no team willing to buy despite a low base price (USD 100,000).
Australian James Faulkner is, however, bought by Rajasthan Royals for a whopping USD 400,000.
Mumbai Indians make the opening bid for Australian allrounder Glenn Maxwell.
Sun Risers also enter the fray.
But Mumbai Indians buy him for a whopping USD 1 million.
Australian Test captain Michael Clarke is the last player in the marquee section.
He played a few matches for Pune Warriors last season.
And it seems he has done enough to impress the owners, the Pune team has re-acquired Clarke at his base price (USD 400,000).
Johan Botha's base price was USD 300,000.
Rajasthan Royals had paid USD 950,000 for his services last year but didn't bid this year.
The battle for his signature was between Delhi Daredevils and Pune Warriors, with the former winning the bid.
Delhi get Botha for USD 450,000.
RP Singh has got lucky at the auction.
The former Hyderabad player now goes to Bangalore.
What more, the Royal Challlengers Bangalore have paid USD 400,000 to acquire his services.
Considering his base price was USD 100, 000, one must say RP has got lucky.
Maybe his impressive record in the tournament went in his favour.
Hello and welcome to the live coverage of the auction ahead of the sixth edition of the Indian Premier League (IPL).
The news in former Australian captain Ricky Ponting has been purchased by Mumbai Indians at his base price ($400, 000)