Resurrected generational talent Rishabh Pant pipped Shreyas Iyer to become the costliest buy in the IPL’s history with a Rs 27 crore winning bid from Lucknow Super Giants, while Venkatesh Iyer was the surprise showstopper as teams expectedly went the extra mile for marquee Indian players at the mega auction here on Sunday.

Rishabh Pant holds the record of being the most expensive player in IPL history with Rs 27 crore bid from Lucknow Super Giants in IPL 2025 auction.

The auction for IPL 2025 started on a roaring note as after Shreyas Iyer, Rishabh Pant bagged an all-time record price.

Shreyas Iyer secures ₹26.75 crore deal at IPL Auction 2025, becoming the second most expensive player in IPL history.- Watch Video on English Oneindia

Venkatesh Iyer was the biggest pick outside the marquee set as Kolkata Knight Riders paid a staggering ₹23.75 crore to bring back the India all-rounder in their squad. David Warner and Devdutt Padikkal were the two big names to go unsold after Rishabh Pant broke Shreyas Iyer's record within minutes to become IPL's costliest buy as Lucknow Super Giants spent a mind-boggling ₹27 crore for the wicketkeeper-batter.

Shreyas was released by the KKR despite leading the side to the IPL title last season, becoming the second captain to do so with the Kolkata-based outfit.

Shreyas Iyer entered the IPL 2025 mega auction with a sensational century in the opening round of the Syed Mushtaq Ali Trophy 2024 on Friday and as expected triggered a fierce bidding war for his signature for the 2025 player auction in Jeddah on Sunday.

Mohammed Shami sold to SRH for INR 10 crore. Rishabh Pant broke the record for most expensive player after being sold to LSG for ₹27 crore just minutes after Shreyas Iyer took that title after being sold to PBKS for ₹26.

Pant’s price tag dethroned Shreyas Iyer, whose record as the tournament’s priciest player lasted only minutes. Iyer was purchased by Punjab Kings for Rs 26.75 crore, surpassing the previous record set by Australian pacer Mitchell Starc,

Shreyas Iyer was acquired by Punjab Kings for a record Rs 26.75 crore at the IPL 2025 auction, making him the second most expensive player in IPL history. Released by KKR, the former captain led them to victory in 2024.

Rishabh Pant surpassed Shreyas Iyer to become the most expensive player in auctions history after being roped in by Lucknow Super Giants for Rs 27 crore.