Chakravarthy, with a base price of Rs 20 lakh, went to Kings XI Punjab after a bidding war that also involved Delhi Capitals, Chennai Super Kings and Rajasthan Royals.
India discards Mohit Sharma (₹5 crore) and Barinder Singh Sran (₹4.5 crore), too, drew a lot of interest from the franchises.
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The Royals were locked in an intense battle with Delhi Capitals and later on with Chennai Super Kings before getting back the services of the paceman, whom they released for the auction. He had been bought for Rs 11.5 crore by RR earlier this year.
While most big names will likely walk away with sizeable contracts, some new faces will also see their fortunes change as the auctioneer brings the hammer down on their bids.
The Punjab side also bought 17-year-old wicket-keeper Prabhsimran Singh for a whopping Rs 4.8 crore while splurging Rs 4.2 crore for West Indian Nicolas Pooran and Rs 1 crore for Australian all-rounder Moises Henriques. After going unsold in the first round, Yuvraj and Guptill went for their base price of Rs 1 crore.
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Axar was one of the high-profile Indian player to be sold in the auction after India all-rounder Hanuma Vihari.
"And to the ones who al have criticized me, I request you to first get into my shoe nd than start making such comments for me". Among the players now playing for Team India, Mohammad Shami was the top pick at Rs 4.80 crore.
But he was soon pipped by West Indies team mate Carlos Brathwaite who was picked up for INR 5 Crore by Kolkata Knight Riders, who staved off competition from Kings XI Punjab.
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Sarfraz Khan goes to Kings XI Punjab for Rs 25 lakh! For the better part of the IPL auction on Tuesday, it seemed that the southpaw would go unsold as teams seemed reluctant to get Yuvraj on board, given his recent form and age.