India's opening batsman Gautam Gambhir was the first player to be sold in the players' auction for Indian Premier League (IPL) season four, fetching a record $2.4 million by Kolkata Knight Riders.

Gambhir, who was part of the Delhi Daredevils for the last three years, had a base price of $200,000. The bidding for him saw intense contest between four teams - Kochi, Mumbai Indians, Royal Challengers Bangalore and Kolkata Knight Riders.