The IPL auction 2025, held in Jeddah, Saudi Arabia, on November 24th and 25th was a spectacle of record-breaking bids and bold gambles. This years auction saw franchises spend aggressively, with a few deals labelled as potential overpays by fans and analysts alike.

Shreyas Iyer would have been a multibagger stock by now. He has been bought by Punjab Kings for a solid Rs 26.75 crore. This was 118.36 per cent higher than Rs 12.25 crore offered by Kolkata Knight Riders (KKR) last auction.

The two franchises kept on making a bid for the 29-year-old. In the end, the Punjab-based franchise won the bidding war and set a landmark in the history of the cash-rich tournament. Iyer said that he is "elated" to join the Punjab-based franchise and looking forward to the upcoming season.

Madhya Pradesh opener Venkatesh Iyer was signed by Kolkata Knight Riders for Rs. 23.75 cr at the Indian Premier League 2025 mega auction at the Abady Al Johar Arena in Jeddah, Saudi Arabia on Sunday.

Shreyas Iyer, who was sold for ₹26.75 crore to Punjab Kings, is one of the most expensive players in the Indian Premier League (IPL) history. The 2025 mega auction took place in Saudi Arabia's Jeddah on Sunday.

Shreyas Iyer has given his first reaction after joining Punjab Kings for a whopping Rs 26.75 crore in the IPL 2025 mega auction.

The IPL (Indian Premier League) 2025 mega auction has seen many huge bids being made for the stars; one of the most expensive buys of the mega auction has been the signing of Rishabh Pant to Lucknow Super Giants for a whopping INR 27 crore.

Day 1 of the IPL Mega-Auction has arrived at long last and some of the biggest faces of the league will be up for grabs in Riyadh. Follow live updates of the first day of the mega-auction right here.