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Shane Warne's Baggy Green Sells For More Than $1 Million

Shane Warne's cherished baggy green has raised more than one million dollars for bushfire relief, after being auctioned online.

One-hundred percent of the proceeds will be donated to the Red Cross Disaster Relief and Recovery Fund.

Australia's greatest leg spinner revealed his plans to auction off the piece of famed sporting memorabilia to his one million Instagram followers on Monday after confessing that the bushfires had left him in complete disbelief.

"The impact these devastating fires are having on so many people is unthinkable and has touched us all," Warne wrote.

"Everyone is in this together and we continue to find ways to contribute and help on a daily basis. This has lead me to auction off my beloved baggy green cap (350) that I wore throughout my Test career (when I wasn’t wearing my white floppy hat)."

According to Cricket.com, the bidding war was fierce, with two anonymous bidders from Sydney outdoing each other before reaching the final winning bid of $1,007,500.

Warne confirmed the figure today on Instagram, thanking those who placed a bid while congratulating the successful buyer.

Late on Friday, Commonwealth Bank Australia (CBA) stepped forward to reveal it was the mystery bidder.

"CBA will take the baggy green on a national tour to raise additional funds for communities devastated by bushfires before it becomes a permanent exhibit at the Bradman Museum in Bowral, NSW," a statement from the bank read.

Chief Executive Officer Matt Comyn said he was delighted that CBA had secured Warnie's cherished baggy green cap.

"This has not only raised another $1 million for bushfire relief, it will also enable us to raise further funds for the bushfire appeal as the cap commences a fundraising tour across the country before retiring as a permanent exhibit at the Bradman Museum in Bowral to be enjoyed by all Australians and cricket fans."