Bangalore made the opening bid for Paul Collingwood at his base price of $250,000. The hammer was about to come down when Delhi Daredevils raised to $275,000. Bangalore did not raise their bid and Collingwood went to Delhi, who have filled up their two available slots.

Here's a re-cap of the action so far. Both Pietersen and Flintoff sold for $1.55 million, becoming the most expensive players in the IPL. Pietersen was picked up by Bangalore while Chennai bought Flintoff. Duminy, whose base price was $300,000, was sold for $950,000 to Mumbai Indians. Rajasthan made the first purchase of the auction, buying Shaun Tait for $375,000.

Fidel Edwards was bought by Deccan Chargers at his base price of $150,000 but there were no takers for Brad Haddin, Stuart Clark and Chamara Kapugedera.