Mon Nov 25 02:56:27 UTC 2024: ## IPL 2025 Auction Day 1: Record-Breaking Spending Spree
**Jeddah, Saudi Arabia -** The first day of the IPL 2025 mega auction saw a record-breaking spending spree, with 72 players sold for a total of ₹467.95 crore (approximately US$57 million). The auction, held in Jeddah on Sunday, featured 84 players, with 10 teams participating.
Rishabh Pant emerged as the most expensive player, purchased by the Lucknow Super Giants for a staggering ₹27 crore, making him the most expensive player in IPL history. Shreyas Iyer followed closely behind, acquired by the Punjab Kings for ₹26.75 crore. Other notable purchases include Venkatesh Iyer (Kolkata Knight Riders, ₹23.75 crore), making him the third most expensive Indian player, and Yuzvendra Chahal (Punjab Kings, ₹18 crore), the most expensive spinner in IPL history.
Several other marquee players fetched high prices, including Arshdeep Singh (Punjab Kings, ₹18 crore), Kagiso Rabada (Gujarat Titans, ₹10.75 crore), Jos Buttler (Gujarat Titans, ₹15.75 crore), and Mitchell Starc (Delhi Capitals, ₹11.75 crore).
The auction continues on Monday afternoon at 3:30 PM, with 493 players remaining and 132 spots still to be filled. Teams still have a combined ₹174 crore remaining in their purses. A complete list of players sold on day one is available [link to full list would go here].