An inefficient auction process

In our preview to the Indian Premier League (IPL) auction on Wednesday, we had said former India wicketkeeper-batsman Dinesh Karthik was most likely to be the highest valued player in the Twenty20 (T20) cricket tournament. We had also said that three players would be sold for Rs.12.5 crore or higher. We came close on both the predictions, but were not quite there.

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