Yuvraj fetches record price at IPL auction

He was bought for Rs 16 crore by Delhi Daredevils

Indian all-rounder Yuvraj Singh set a new record as he emerged as the costliest ever buy in the Indian Premier League by going for a whopping Rs 16 crore to Delhi Daredevils in the eighth players' auction here today.

In a relatively low key auction, Yuvraj triggered an unexpected bidding war with four teams vying for the 33-year-old cricketer's services before Delhi clinched the deal for a record price.

The Yuvraj, who had been bought for Rs 14 crore by Royal Challengers Bangalore last year, went for such a big price came as a huge surprise given the fact that he is no longer in the Indian team. His current form, however, has been good which could have led to the franchises showing interest in him.

"I think we learnt from last year, and that if we want a player we need to push hard for him. Hence we were prepared to go all the way with Yuvraj and it's great for the player as well," Delhi coach Gary Kirsten said justifying the record bid for Yuvraj.

Wicketkeeper-batsman Dinesh Karthik was another player, who commanded a massive price, going to RCB for Rs 10.50 crore at a glitzy auction attended by business bigwigs, Bollywood stars like Preity Zinta and former cricketers such as Anil Kumble, Ricky Ponting, Stephen Fleming and VVS Laxman -- part of various teams' support staff.

Sri Lankan captain Angelo Mathew (Rs 7.5 crore to DD), New Zealand pacer Trent Boult (Rs 3.80 crore to Sunrisers Hyderabad), Indian leg-spinner Amit Mishra (Rs 3.50 crore to DD) and Australian opener Aaron Finch (Rs 3.20 crore to Mumbai Indians) were among those who fetched a good price at the auction.

Sri Lankan stalwarts Mahela Jayawardene, Kumar Sangakkara and Tillakaratne Dilshan, Indian pacers Zaheer Khan and Irfan Pathan, South African batsman Hashim Amla and New Zealand batsman Ross Taylor went unsold in the initial rounds of the auction. They might still find a buyer in the final round of bidding.

Yuvraj, who carried a base price of Rs 2 crore, was sold after a fierce tug of war for his services between Delhi Daredevils and Royal Challengers Bangalore, who bought him last year for Rs 14 crore, at a city hotel here.

Initially, there was four-way bidding among Rajasthan Royals, Royal Challengers, Kings XI Punjab and Delhi Daredevils to buy India's 2011 World Cup hero in the auction conducted by Richard Madley. But once the bidding reached Rs 7 crore, RR and KXIP quit, leaving DD and RCB in the fray.