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We collect and why, how we use it, and how to review and update it.Session 3:
The afternoon session of the bidding began with New Zealand batsman Jesse Ryder; he remained unsold.
South African batsman Herschelle Gibbs also failed to draw a bid; he remained unsold at his base price of USD 200,000.
Talented Australian batsman Michael Hussey was sold to Chennai Super Kings for USD 425,000.
Australian batsman Shaun Marsh went next for his base price, USD 400,000, to KXIP.
South African batsman, and sensational fielder, JP Duminy was sold to Deccan Chargers for USD 300,000.
Shikhar Dhawan, Indian batsman and key player for Mumbai Indians in the previous seasons of IPL, was sold to Deccan Chargers for USD 300,000.
Flamboyant Indian batsman and Mumbai Indians star over the previous seasons, Saurabh Tiwary, went to RCB for USD 1.6 million after intense bidding between the winners and KXIP.
Australian batsman, and brother of Michael Hussey (sold a little earlier to Chennai Super Kings), David Hussey was bought by KXIP for USD 1.4 million.
Audacious Australian batsman David Warner was sold to Delhi Daredevils for USD 750,000.
Iconic West Indian batsman Brian Lara joined the IPL fray at a base price of USD 400,000 but remained unsold.
Australian wicketkeeper Graham Manou's base price was set at USD 50,000 but he remained unsold.
Indian wicketkeeper Parthiv Patel was sold to Team Kochi for USD 290,000.
Indian wicketkeeper Wriddhiman Saha was sold at his base price of USD 100,000 to Chennai Super Kings.
Indian batsman and keeper, and Delhi Daredevils star over the previous seasons, Dinesh Karthik was sold to KXIP for USD 900,000.
Naman Ojhan, Indian wicketkeeper-batsman, was sold to Delhi Daredevils at USD 270,000.
Australian keeper-batsman Brad Haddin was sold to KKR for USD 325,000.
Another Australian wicketkeeper, Tim Paine, was up next for auction. The winning bid was made by Team Pune - USD 270,000.
English wicketkeeper Matt Prior's base price was set at USD 200,000 but he remained unsold.
South African keeper-batsman Mark Boucher remained unsold at his base price of USD 200,000.
South African keeper-batsman, the very useful David Jacobs was the subject of interest amongst bidders. He was finally sold for USD 190,000 to the Mumbai Indians.
With the ‘keepers out of the fray, it was time for the all-rounders to take the stage. Australian James Hopes was sold to Delhi Daredevils for USD 350,000.
Indian all-rounder Ravindra Jadeja, whose base price was set at USD 100,000, fetched an impressive USD 950,000. Team Kochi made the winning bid.
English all-rounder Luke Wright remained unsold at his base price of USD 400,000.
All-rounder from Bangladesh, Shakib Al Hasan was sold for more than twice his base price. Kokata Knight Riders made the winning bid of USD 425,000.
England's Stuart Broad, all-rounder for his national side, was sold for his base price of USD 400,000 to KXIP.
Indian all-rounder Abhishek Nayar drew much attention at the auction. He finally went to KXIP for USD 800,000. His base price was a modest USD 50,000.
Sri Lankan all-rounder Angelo Mathews was bought for a towering USD 950,000 by Team Pune.
West Indian all-rounder Dwayne Bravo was sold to Chennai Super Kings for his base price of USD 200,000.
Australian all-rounder Steven Smith was sold at his base price of USD 200,000 to Team Kochi.
The last player of the set, James Franklin of New Zealand was sold for his base price of USD 100,000 to the Mumbai Indians.