Latest Updates Of Auction For DLF IPL Season 4 Post Lunch

3:54: Sri Lanka's Angelo Mathews, opening bid at $300,000. Kochi bids first, Pune raises the bar, King's XI take a shot, Kochi throws another line, so do King's XI, Deccan Chargers makes an entrance, the price by now is $550,000. Delhi Daredevils want Angelo now, Deccan Chargers not ready to give in. $800,000 on Angelo Mathews, Pune back in the ring, $850,000. Kochi back in action, $900,000. It's Pune Vs Kochi now. And Pune wins Angelo Mathews for $950,000.

3:50: Abhishek Nayar with an opening bid of $50,000. Brisk bidding, price is over $190,000, seconds later, Delhi bids $350,000. Deccan Chargers bid $400,000. It's not over yet. Royal Challengers bid $650,000. King's XI come in with $800,000. Remember, the base price was $50,000. And Nayar is sold, for $800,000.

3:48: Stuart Broad comes in with a high base price of $400,000. King's XI Punjab makes the opening bid and get their player unchallenged.

3:47: Al Hasan on the anvil. KKR take him for $450,000

3:45: Wright, another big name with a $400,000 base price remains unsold

3:38: Delhi Daredevils like Ravindra Jadeja more than Deccan Chargers does, $700,000. Surprise, sudden bidder, Kochi bids $ 750,00, Kochi taking on Delhi by the horns, $ 950,000 their latest bid for Jadeja, and they have him.

Do take a quick look at the team-wise list of players auctioned at the IPL player auction at the ITC Royal Gardenia Hotel here on Saturday evening is as follows. Brought to you swiftly and accurately by our sports correspondent K.C. Vijay Kumar

Team-wise at 3.35 p.m.:

Kolkata Knight Riders: Gautam Gambhir , $2.4 million; Yusuf Pathan, $2.1 million; Jacques Kallis, $1.1 million; Brad Haddin, $325,000.

Pune: Robin Uthappa, $2.1 million; Yuvraj Singh, $1.8million; Graeme Smith, $500,000; Tim Paine, $270,000.

Mumbai Indians: Rohit Sharma, $2 million; Andrew Symonds, $850,000; David Jacobs, $190,000.

Delhi Daredevils: Irfan Pathan, $1.9 million; David Warner, $750,000; Naman Ojha, $270,000.

Kochi: Mahela Jayawardene, $1.5 million; V.V.S. Laxman, $400,000; Brendon McCullum, $475,000; S. Sreesanth, $900,000; R.P. Singh, $500,000; Parthiv Patel, $290,000.

Royal Challengers Bangalore: AB de Villiers, $1.1 million; Dilshan Tillakaratne, $650,000; Zaheer Khan, $900,000; Daniel Vettori, $550,000; Saurabh Tiwary, $1.6 million.

Deccan Chargers: Cameron White, $1.1 million; Kevin Pietersen, $650,000; Kumar Sangakkara, $700,000; J.P. Duminy, $300,000; Shikhar Dhawan, $300,000.

Rajasthan Royals: Ross Taylor, $1 million; Rahul Dravid, $500,000; Johan Botha, $950,000.

King’s XI Punjab: Adam Gilchrist, $900,000; Shaun Marsh, $400,000; David Hussey, $1.4 million; Dinesh Karthik, $900,000.

Chennai Super Kings: Michael Hussey, $425,000; Wriddhiman Saha, $100,000.

3:38: Ravindra Jadeja comes under the hammer with an opening tag of $100,000. Chennai Super Kings is interested, the price tag went up to $350,000.

3:36: Bidding begins, James Hopes, base price $ 200,000. Delhi Vs Mumbai for Hopes. $350,000, Mumbai silenced, Delhi has Hopes.

Our sports correspondent Vijay Kumar has some thoughts on that glaringly conspicuous lack of bids for Brian Lara -

For a batsman, who was the lord of all he surveyed, Saturday afternoon’s uneasy silence when his name cropped up during the IPL player auction at the ITC Royal Gardenia Hotel here on Saturday, must have come as a shock. Brian Lara, regal willow-wielder and the owner of the highest individual score in Tests at 400 not out, is away in the West Indies but he will surely be aware of the sands of time catching up with him and his value as he remained unsold in the player-auction. Coming in at the top price band of $400,000, Lara, now 41 years old, had no takers.

3:30: Jacobs up next, $20,000 opening bid. No, I didn't miss a zero. Some brisk bidding, no doubt, price went up to $100,000 in seconds. This is really interesting, Mumbai Indians fought Royal Challengers and have pushed the price to $190,000. For better or worse, they have him.

3:26: Matt Prior, opening bid, $200,000. He remains unsold. And Mark Boucher remains unsold as well!

3:23: Meanwhile, bidding's stil on for young Tim Paine, $240,000 from Mumbai Indians, Pune bids $250,000, Mumbai ups it again, Pune's thining about it. $270,000 from Pune, bid against Mumbai. And Paine is sold, not without some pain to the bidders.

A quick overlook of the afternoon's auction, up until 3:00 pm, from our sports correspondent K.C. Vijay Kumar -

Team-wise

Kolkata Knight Riders: Gautam Gambhir , $2.4 million; Yusuf Pathan, $2.1 million; Jacques Kallis, $1.1 million.

Pune: Robin Uthappa, $2.1 million; Yuvraj Singh, $1.8million; Graeme Smith, $500,000.

Mumbai Indians: Rohit Sharma, $2 million; Andrew Symonds, $850,000.

Delhi Daredevils: Irfan Pathan, $1.9 million.

Kochi: Mahela Jayawardene, $1.5 million; V.V.S. Laxman, $400,000; Brendon McCullum, $475,000; S. Sreesanth, $900,000; R.P. Singh, $500,000.

Royal Challengers Bangalore: AB de Villiers, $1.1 million; Dilshan Tillakaratne, $650,000; Zaheer Khan, $900,000; Daniel Vettori, $550,000; Saurabh Tiwary, $1.6 million.

Deccan Chargers: Cameron White, $1.1 million; Kevin Pietersen, $650,000; Kumar Sangakkara, $700,000; J.P. Duminy, $300,000; Shikhar Dhawan, $300,000.

Rajasthan Royals: Ross Taylor, $1 million; Rahul Dravid, $500,000; Johan Botha, $950,000.

King’s XI Punjab: Adam Gilchrist, $900,000; Shaun Marsh, $400,000; David Hussey, King’s XI Punjab, $1.4 million.

Chennai Super Kings: Michael Hussey, $425,000;

Unsold players:

Sourav Ganguly, base price $400,000

Chris Gayle, base price $400,000

Jesse Ryder, base price $100,000

Herschelle Gibbs, base price $200,000

3:20: Australian Tim Paine, opening bid $100,000.

3:17: Kochi bids first for Brad Hadding, $200,000. The hammers up to make the sale, and a flurry of bids. Kochi forced to move up to $ 300,000. But KKR take him for $ 325,000.

3:13: Naman Ojha, do we have bids for Naman Ojha. Yes - 130, 140, 150, 160 and rising. King's XI take him for $ 270,000

3:11: Dinesh Karthik on sale now, $850,000 and counting. $900,000 from King's XI. Sold.

3:10: By the way, Chennai Super Kings took Hussy, for Rs. 1.95 crore.

3:08: Wriddhiman Saha goes next. Biddings open. $100,000 opening bid, and Chennai Super Kings take him without contest.

3:04: Parthiv Patel, $100,000 the start bid. Mumbai Indians $110,000, Kochi chips in, $170,000. Kochi willing to go to $260,000 for Patel. $ 290,000 and Kochi takes Parthiv Patel.

3:03: Wicketkeepers are up now, graham Manou of Australia starts with an opening bid of $50,000. Passed over.

3:01: Heads up, Brian Lara, starting bid, $ 400,000. Silence in the room, no one's bidding! He remains unsold! Looks like big names don't mean too much.

3:00: Looks like Delhi Daredevils have taken it away again, $ 750,000 for Warner. Sold.

2:59: Kochi had to give up their quarry a couple of time before, they seem a little more interested this time, in David Warner. $450,000 and counting.

2:53: Hussy's on, $ 1.4 mn, with the King's XI Punjab. And sold.

2:46: A little drama - Looks like King's XI Punjab bid just as the hammer came down. The auctioner asks if they think they bid on time, and says he can reopen the bidding at his discretion. And looks like he just did. Royal Challengers not giving up Tiwary yet, they snag him for $ 1.6 mn

2:43: Meanwhile, Saurabh Tiwary is upping the ante - $950,000 by Kochi and counting! And he's crossed the million mark - Royal Challengers - $ 1.4 mn. Sold. That is really impressive, espaecially with a base price of $ 100,000.

2:39: Shikhar Dhawan on the anvil, Deccan Chargers seem keen on Dhawan as well. And they have him for $300,000.

2:36: J.P. Duminy for $ 200,000 - KKR takes the bid, aftter what seems like a long time, others raise the bar, the ball back in KKR, stalls at 260, Deccan Chargers playing hard, it's back and forth, DC takes it up to $300,000, and Duminy goes to Deccan Chargers. Not a bad deal, he's a T20 asset.

2:33: Michael Hussy turning up the heat now, his price shoots up from $ 200,000 to $ 280,000 and rising

2:32: Herchelle Gibbs - openinh bid, 200,000 - goes unsold!

2:30: The first player to be auctioned post-luch session iss Jessie Ryder. Goes unsold, is passed on quite quickly.

Welcome to the post-lunch session of the IPL season IV auction. In the previous session, Gautam Gambhir was taken by Kolkata Knightriders for a whopping $2.4 mn. Talk about working up an apetite!

Latest Updates Of Auction For DLF IPL Season 4 Till Lunch

Players sold before the lunch-break at 1.25 p.m.

Gautam Gambhir , Kolkata Knight Riders, $2.4 million

Dilshan Tillakaratne, Royal Challengers Bangalore, $650,000

Zaheer Khan, Royal Challengers Bangalore, $900,000

Ross Taylor, Rajasthan Royals, $1 million

Yusuf Pathan, Kolkata Knight Riders, $2.1 million

Kevin Pietersen, Deccan Chargers, $650,000

Mahela Jayawardene, Kochi, $1.5 million

Yuvraj Singh, Pune, $1.8million

AB de Villiers, RCB, $1.1 million

Sourav Ganguly, base price $400,000, unsold

Cameron White, Deccan Chargers, $1.1 million

Jacques Kallis, Kolkata Knight Riders, $1.1 million

Rohit Sharma, Mumbai Indians, $2 million

Andrew Symonds, Mumbai Indians, $850,000

Kumar Sangakkara, Deccan Chargers, $700,000

Adam Gilchrist, Kings XI Punjab, $900,000

Rahul Dravid, Rajasthan Royals, $500,000

Graeme Smith, Pune, $500,000

Robin Uthappa, Pune, $2.1 million

Johan Botha, Rajasthan Royals, $950,000

V.V.S. Laxman, Kochi, $400,000

Daniel Vettori, Royal Challengers Bangalore, $550,000

Brendon McCullum, Kochi, $475,000

S. Sreesanth, Kochi, $900,000

Chris Gayle, base price $400,000, unsold

Irfan Pathan, Delhi Daredevils, $1.9 million

R.P. Singh, Kochi, $500,000

See you folks. The update will continue at 14:30 hours

13:28: It is lunch time at the auction hall. The last bidder R.P. Singh was bought by Kochi, the new comer for this IPL season.

13:27: Kochi bids for R.P. Singh 475,000 dollars

13:26: Kochi bids for 450,000 dollars for R.P. Singh

13:26: R.P. Singh's bid going well and it is Chennai Superkings bidding for 425,000 dollars

13:25: The bidding for R.P. Singh starts well and it goes to 270,000 dollars from Chennai Superkings.

13:24: It is bidding time for R.P. Singh. The base price 200,000 dollars.

13:23: Delhi Daredevils buys Irfan Pathan for 1 million 900,000 dollars.

13:22: Irfan Pathan bidding rises to 1 million 700,000 dollars from Delhi Daredevils. Irfan Pathan's bidding goes on and on..... swinging from Punjab to Delhi. It is now 1million 900,000 dollars.

13:20: 1 million 500,000 dollars for Irfan Punjab. Still in bidding

13:13: 1 million for Irfan Pathan from Punjab. I'm still in shock about Chris Gayle going unsold. Bidding for Irfan Pathan is still on.

13:10: No bid for Chris Gayle! What is going on! Nobody wants the match winner from West Indies.

13:09: Chris Gayle not getting too many opening bids. Surely he cant go for a lowly 400,000?

13:08: Wow that came from nowhere. Kochi bid 900,000 for Sreesanth out of the blue and get him. So Sreesanth goes to his home team.

13:07: Kochi make a splash at 900,000 for Sreesanth.

13:05: Sreesanth in the mix

13:03: Just 475,000 for McCullum. Kochi buys him at a seriously low price. This is an absolute steal!

13:01: The IPL's first centurion, Brendon McCullum now.

13:00: Daniel Vettori sold for 550,000 to Bangalore. Bit surprised at the low price. Not too many bidders for the spinner.

12:57: 400,000 for VVS Laxman to Kochi. He got one bid, and thats the last.

12:55: 950,000 for Johan Botha. Sold to Rajasthan. That is a huge sum for Botha. Did Rajasthan pay too much?

12:53: Bangalore drops out after Rajasthan bids 750,000 for Botha. Then Pune step in with 800,000.

12:50: Looks like Bangalore is keen on Botha. Bangalore matching Kochi bid for bid.

12:49: South Africa's spinner Johan Botha now.

12:48: Robin Uthappa going for a huge sum! 2.1 million to Pune!

12:47: Kochi and Pune going head to head for Robin. 2.1 million now for Robin from Pune.

12:43: Kochi and Pune fight for Robin, Bid stands at 1.6 million from Kochi now.

12:43: 1 million from Kochi for Robin Uthappa and we aren't done yet. Bangalore might step in with a bid, they seem keen.

12:42: Big hitter Robin Uthappa up for grabs.

12:41: Team Pune gets Graeme Smith for 500,000. Some laboured bidding there, not too many franchises keen on the South African captain.

12:39: Richard about to drop the hammer but Kochi enter with 420,000 for Smith. Richard Madley explains that he saw the last second bid before he dropped the hammer, so the bid counts.

12:38: Even Graeme Smith not getting too many bids. Stuck at 400,000.

12:37: A little painful to watch as Dravid goes without many bids. Sold for 500,000 to the Rajasthan Royals.

12:35: Ex-Bangalore icon player Rahul Dravid struggling to get bids here.

12:33: 900,000 for Gilchrist to Punjab. The opening bid took a while to come, but the bidding picked up quickly after.

12:31: Unsold? Who am I kidding? Bidding on at 850,000 for Gilchrist now.

12:29: Opening bid at 400,000. So he won't go unsold.

12:29: Adam Gilchrist, you're up

12:28: Keeper-batsman Sangakkara goes to Deccan Chargers for 700,00. Chennai made a brief bid but backed out quickly.

12:26: Sri Lanka's Kumar Sangakkara now.

12:25: Andrew Symonds goes to the Mumbai Indians for 850,000. Mumbai gobbling up players here.

12:23: Chennai Super Kings finally make a bid after staying on the sidelines all through. Will they buy their first player?

12:22: Andrew Symonds up for sale now.

12:21: 2 million for Rohit Sharma! 2 million! Sold to Mumbai Indians! Mumbai with a mammoth bid!

12:20: Priety Zinta and Punjab keen on Rohit Sharma at 1.1 million, but Mumbai and Deccan Chargers enter with 1.4 million bids.

12:19: Can you believe it? 1.1 million for Rohit Sharma. Bidding still on!

12:18: Step up, Mr. Rohit Sharma. Another T20 specialist.

12:17: Kallis sold for 1.1 million to Kolkata after Bangalore exits the race.

12:14: Star player Jacques Kallis up for sale now. Expect some frenzied bidding.

12:13: Cameron White goes to the Deccan Chargers for 1.1 million.

12:11: Can we go back to Ganguly for a minute? Ganguly upped his base price from 200,000 to 400,000, it has backfired on him. No bids for Ganguly. Silence as Ganguly's name is called by Richard Madley, the autioneer. There was talk that Ganguly might go unsold, turns out to be true in the end.

12:11: Cameron White is up next.

12:09: And we're back with the bidding. Major setback for Saurav Ganguly, he goes unsold!

12:04: Right, a quick recap of the players sold so far. We have K.C. Vijaya Kumar, our sports correspondent, with the roundup:

Players sold at 12 noon.

Gautam Gambhir , Kolkata Knight Riders, $2.4 million

Dilshan Tillakaratne, Royal Challengers Bangalore, $650,000

Zaheer Khan, Royal Challengers Bangalore, $900,000

Ross Taylor, Rajasthan Royals, $1 million

Yusuf Pathan, Kolkata Knight Riders, $2.1 million

Kevin Pietersen, Deccan Chargers, $650,000

Mahela Jayawardene, Kochi, $1.5 million

Yuvraj Singh, Pune, $1.8million

AB de Villiers, RCB, $1.1 million

11:51: We have a short break now of 15 minutes. Some crazy bidding going on in this first session. Yusuf Pathan and Gambhir setting the stage on fire with record bids. Still much more to go.

11:50: 1.1 million for de Villiers. Bangalore with the buy.

11:48: AB de Villers now

11:46: Mumbai and Deccan Chargers fight for Yuvraj, but Pune comes in with 1.8 million to get the big hitter.

11:44: In about a minute, Yuvraj's bid rises to 1.3 million. Chennai have been rather inactive thus far, will they enter with a surprise bid for Yuvraj?

11:43: Here is another prize catch. Yuvraj Singh.

11:42: Jayawardene sold to Kochi for 1.5 million. Inflated price?

11:41: I'm not sure about these inflated prices. Jayawardene at 1.5 million with Kochi. Is he really worth this much? It's not over yet, Kings XI Punjab might up the bid.

11:40: Hello, what do we have here? Kings XI Punjab, who have been silent all the while, comes in at 1 million for Jayawardene.

11:39: Kochi and Bangalore battle for Jayawardene. Bangalore has the bid at 900,000 as of now.

11:38: Who wants Sri Lanka's Mahela Jayawardene?

11:36: Pietersen sold to Deccan Chargers for 650,000. Not too much, very modest price.

11:34: Pietersen, who played for Bangalore in the previous edition, should be hot property with his pyrotechnics.

11:34: England's former captain Kevin Pietersen up for grabs.

11:32: Yusuf Pathan, T20 specialist, is sold for 2.1 million to Kolkata! Just a shade under Gambhir's 2.4 million.

11:31: As expected, Yusuf's price is through the roof. Kolkata bids 2.1 million. Bidding still on.

11:29: Kolkata, Kochi and Deccan Chargers in a three-way fight for Yusuf.

11:29: In no time, 1 million for Yusuf Pathan. Bidding still in progress.

11:27: And now, we have the big gun - Yusuf Pathan. Bidding begins in earnest. Will this be the record buy? Let's wait and see.

11:26: Rajasthan Royals get Ross Taylor for exactly 1 million. Nicely done Rajasthan, Ross Taylor is a great T20 buy.

11:24: Bid stalls at 850,000 for Ross Taylor. Bangalore almost gets him, but Rajasthan enters the fray with 900,000. This auction is full of last minute surprises!

11:23: Time for New Zealand's explosive Ross Taylor. Who wants some? Base price 400,000.

11:22: Bangalore steals Zaheer Khan from Mumbai and Delhi. Zaheer sold for 900,000 to Bangalore! Prize catch! Last minute bid from Bangalore snares the left arm pacer.

11:20: A bit of a tussle between Delhi and Mumbai for Zaheer. 850,000 USD right now with the Mumbai Indians. RCB enters at 900,000.

11:19: Zaheer Khan, India pacer, now. He has a base price of 300,000 USG

11:18: 650,000 USD for Dilshan, bought by Bangalore. A bit of a bargain if you ask me, I think he is definitely worth more.

11:17: Each team can spend a maximum of 9 million, so spending 2.4 million on just Gambhir is quite something.

11:16: Dilshan can be be murderous in this form of the game. Expect skyrocketing prices for the Sri Lankan too.

11:15: Sri Lankan dasher Dilshan under the hammer now.

11:14: What a brilliant start to the auction! Gambhir is sold to Kolkata Knight Riders for 2,400,000 USD. 2.4 million for Gambhir! 11.4 crore for the India opener!

11:12: Gambhir was about to be sold for 1,900,000 but Kolkata comes in with a 2 million bid. Hot property, Gambhir.

11:09: Pune and Mumbai in a bidding war. The bid stands at 800,000 for Pune, but wait, we have a new entrant. Bangalore comes in with 900,000 USD!! The bid is still on, 1 million now by RCB.

11:06: You can cut the tension with a knife. Richard Madley, the auctioneer, puts Gautam Gambhir up for sale. His base price is 200,000. "I hear 250,000 for Mumbai. Now 260,000". This is exciting. Let us wait and see how much Gautam Gambhir is sold for.

11:04: The IPL chairman Chirayi Amin: "I'd like to congratulate all the team owners and wish you all the best in the auction. Also, good luck to the players."

11:03: And we're off! Introductory speeches begin.

11:01: Right, let us go through the rules for a bit. Each team needs to have a sqaud of 30 players, with not more than 10 overseas players.

10:59: I think the most interesting part of today will be the auction of Brian Lara. His base price is 400,000 USD, a bit steep for a player who hasn't played competitive cricket for three years.

10:56: Vijay Mallya, the owner of the Bangalore franchise plays down the importance of money at the auction. "It isn't about the money you have in your pockets, it is about picking a well balanced squad," he says.

The team owners and officials are gathering in the auction room in Bangalore now. We are minutes away from bidding action.

Welcome to The Hindu's live coverage of the IPL player auctions 2011. 48 Indians up for 'sale', and a total of 353 players to be auctioned today and tomorrow.