ITV

Tag: Auction

  • IPL 2014 auction to be held on 12 February

    IPL 2014 auction to be held on 12 February

    MUMBAI: The seventh edition of the Indian Premier League (IPL) is all set to begin its auction early next year with eight teams in the fray. The Board of Cricket Control in India (BCCI) has announced that the auction for the new edition will be held on 12 February and if needed will be extended to 13 February 2014 as well. An embargo has been placed on franchisees approaching players from other teams before 11 January.

    A minimum of 16 players and a maximum of 27 players will be allowed to be auctioned to each of the eight teams in which only nine overseas players can be included. In a match, only four international players can play. Last year, franchisees could have 33 players including 11 from overseas.

    Players can stay in a franchisee for a year and then have an extension of a year or two as compared to the one year restriction that was imposed last year. This has to be exercised before 15 December. Maximum of five players from the 2013 squad can be retained before the auction that can include both capped and uncapped players, the contract for which must be submitted to the BCCI on or before 10 January.

    The first capped player who will be retained will be charged Rs 12.5 crore and Rs 4 crore for each uncapped player retained. These players will not be auctioned. The minimum requirement for catchment area players has been removed.

    The cap for the IPL fees for an entire squad is Rs 60 crore that will increase by 5 per cent per annum for 2015 and 2016 while the minimum would be Rs 36 crore. The fees will now be denominated in rupees for Indian players and international players can have it in their own currency. Last year’s entire squad cost $ 12.5 million.

    One addition has been made to the auction with ‘rights to match’ (RTM) available to a franchise depending on number of retained players. For five to three players, one RTM is allowed, for one or two, two RTM is given and three RTM will be given if no players from last year is retained. RTM will allow franchisees to have a final call on the bid price after which no other franchise can bid on it.

  • Set of Dilip Kumar photos fetch Rs 162,000 at art auction

    Set of Dilip Kumar photos fetch Rs 162,000 at art auction

    NEW DELHI: A still from Gangavataram (1937), the first talkie by and the last film of father of Indian cinema Dadasaheb Phalke was sold at an auction here recently for Rs 102,000.

    The still was part of the Vintage Indian Film Memorabilia section featuring Hindi Cinema‘s forgotten and Silent Era (Black & White) memorabilia put on auction by Osian‘s Connoisseurs of Art.

    This proved to be a major landmark for the evolving film memorabilia market and also showed the interest amongst people for film mementos.

    There has been a growing participation of international museums and curators from the United States, the United Kingdom, and Singapore in the bidding for vintage Indian cinematic heritage.

    The other highlights in this section were the Dilip Kumar set of photographs at Rs 162,000 and Amitabh Bachchan with Rs 126,000.

    The sale of vintage Indian film memorabilia was part of the art auction which fetched Rs 7,44,81,600 (90 per cent of value of the total lower estimate and 60.5 per cent of total quantity).

    The recapturing of its leadership position by the Osian‘s Auction House, the impending launch of its arts, culture and cinema search engine – theosianama.com – and the forthcoming publication of 100 volumes on ‘Celebrating 100 Years of Indian Cinema‘ in collaboration with Mapin Publishing, will mark the re-emergence of Osian‘s as the pace setter in the Indian art and memorabilia market.

    On the successful completion of the 1st Osianama Series Auction, Neville Tuli, Chairman, Osian‘s Group said "It is a slow and steady rebuilding process for the arts and cultural artifacts market. Without a strong Osian‘s it is very difficult for the market to achieve stability and confidence given that every area of arts and cultural infrastructure building is now linked to Osian‘s activities, from auctions to publishing & design, online search to museums, film festivals to conservation and archiving."