WATCH: The remarkable victory of Punjab Kings in the IPL 2025 Auction bidding war for Shreyas Iyer

In a surprising move, former Kolkata Knight Riders skipper Shreyas Iyer was sold to Punjab Kings for a staggering price of Rs 26.75 crore in the IPL 2025 Auction at the Abadi Al Johar Arena in Jeddah. This bid marks the second highest amount ever paid for a player in the history of the tournament, following Rishabh Pant's record-breaking deal.

All the teams were running behind the star batter, Punjab Kings won the bid after a stunning bid. A video of Shreyas Iyer’s bidding war has surfaced on social media from start to end, where the prices got high from 2 crore to 26.75 crore. It was a wonderful display by the IPL franchises, many fans think that the bid was unexpected.

WATCH VIDEO BELOW: 

Missed watching that stunning Shreyas bidding process❓

We have you covered here with the snippets #TATAIPLAuction | #TATAIPL | @ShreyasIyer15 | @PunjabKingsIPL | #PBKS pic.twitter.com/a7jAki8LVz

— IndianPremierLeague (@IPL) November 24, 2024

IPL stats for Shreyas Iyer:
In 115 matches, Shreyas Iyer has scored 3,127 runs at an impressive average of 32.24 and a strike rate of 127.48. Iyer has hit 21 half-centuries.

Base bidding price:
₹2 crore is the highest base price for a player in the IPL 2025 mega auction with 81 players choosing to be in the top bracket. There are two marquee sets too, consisting of seven Indian players.

Marquee Set 1: Rishabh Pant, Shreyas Iyer, Jos Buttler, Arshdeep Singh, Kagiso Rabada, Mitchell Starc

Marquee Set 2: KL Rahul, Yuzvendra Chahal, Liam Livingstone, David Miller, Mohammed Shami, Mohammed Siraj.

A total of 577 names will be up for auction for 204 slots to fill. A total of ₹641.5 crores are in the kitty of 10 teams combined with Punjab Kings having the highest purse of ₹110.5 crore.