Taylor and White are among the 144 players who went unsold in the players' auction at a city hotel here.
And Dravid, who is currently the mentor of last year's runners-up Rajasthan Royals, feels Taylor and White could have been good buys for the franchises if the duo had come in the first part of the batting list.
"I think someone like Cameron White who is a shrewd captain and good batsman (is also unfortunate). What I feel is that people have learnt that they can't afford to spend so much money and then make the players sit outside. By the time Ross and White came, I think most of the franchises have sorted out their top four-five batsmen," he added.
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"The two lots which come up for auction tomorrow morning would be crucial because you have a lot of uncapped Indian players there and everybody seems to be waiting for that," he said.
"You will see a lot of Indian players going for their base prices and I think that's what the teams are waiting to pick up. You will see a lot of frenzy like what you saw this morning."
Dravid said all the franchises have learnt with time and IPL 7 will witness smaller squads with impact players in all the teams.