Auctions are used to distribute players in cricket leagues from the West Indies to Pakistan to Hong Kong
Thu, Apr 06, 2017 - 5:50 AM
Auctioning players is a relatively new concept in the tradition-bound sport. Introduced almost a decade ago by the Indian Premier League (IPL), a Twenty20 cricket league, auctions are now used as a player-distribution mechanism in leagues from the West Indies to Pakistan to Hong Kong.
CHRISTIE'S, like any of the world's great auction houses, is renowned for the pace, the tension and the sense of excitement that occur when a bidding war acquires a life of its own.
Yet for Richard Madley, former president of Christie's East in New York, the high drama of...