Mumbai, Feb 20 Former BCCI president and Indian Premier League Governing Council member Inderjit Singh Bindra said players' auction for the Twenty20 tourney was the second most important day for world cricket after the end of monopoly in the telecast of the game in the country in 1994.

"This is the second most important day in world cricket, according to me. The first was in 1994 when the monopoly of Doordarshan came to an end when we won the court case. This opened up the market forces," Bindra told reporters today after the second round of players' auction here.

"It's a landmark day. I have not seen anything like this before even on a cricket field. It has been amazing and full of drama. I wish it had been telecast live," he said.

Bindra also pointed out that for the first time market forces were determining the worth of a player instead of the selectors.

"This is for the first time that market forces are determining the price of a player and not the selectors. This is how free market economy works," he said after 10 players were bought over by the eight city-specific franchises for USD 7.1 million dollar with India's World Twenty20 Cup winning skipper Mahendra Singh Dhoni sold for a staggering 1.5 million USD (approx, six crore). (Agencies)