The star of Australia's World Cup triumph recently Travis Head is the third player up for grabs with a base price of Rs 2 crore.
Sunrisers Hyderabad, who have Rs 34 crore in their kitty, make the opening bid before champions Chennai Super Kings also come into the fray.
The two teams engage in a keen battle as the bid soon doubles to Rs 4 crore in a matter of a minute or two.
It is just CSK and SRH at the moment with neither willing to relent as the bid soon touches the Rs 5 crore mark.
SRH have the last laugh as they buy Head for a whopping Rs 6.8 crore with CSK pulling out of the race.