Yuvraj creates record on IPL 8 auction

The Indian Premier League (IPL) auction of players for eighth season is going underway and Indian cricketer Yuvraj Singh created sensation after he was purchased by Delhi for a whooping amount of 16 crores.

This was highest ever price in IPL history.

A bidding war between Royal Challengers Bangalore (RCB) and the Daredevils saw Yuvrajs price sky-rocket.Yuvraj, who carried a base price of Rs 2 crore, was sold for the highest ever price in IPL history after a fierce tug of war for his services between Delhi Daredevils and Royal Challengers Banglore.

Initially, there was a four-way bidding among Rajasthan Royals, Royal Challengers, Kings XI Punjab and Delhi Daredevils to buy Indias 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.Delhi Daredevils, who have the largest purse of Rs 39.75 crore among all the eight franchises purchased yuvraj for 16 crores.DD also bought Sri Lankan captain and all-rounder Angelo Mathews for Rs 7.5 crore, the third highest price in the first two rounds of auction.