CBA buys Warne's baggy green for $1 million_1

Australian cricket legend Shane Warne's baggy green cap has been snapped up by the Commonwealth Bank for more than $1 million at auction to aid those affected by bushfires.

When bidding closed on Friday morning (AEDT), the famous cap was sold for $1,007,500 to an unidentified bidder known only as "MC".

He took to social media to thank the bidder, saying he was "blown away" by their generosity, and it was "way beyond" his expectations.

By 2.30pm on Friday, the CBA's chief executive officer Matt Comyn announced it had "secured Shane's cherished baggy green cap".

“I am delighted that CBA has been able to secure Shane’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.

“I want to thank and commend Shane for giving up one of his most cherished possessions for such an important cause. He has demonstrated the same Aussie spirit we are seeing across the country with acts of generosity and dedication throughout this disaster as communities rally to support each other.”

The 50-year-old is Test cricket's second-most successful bowler behind Sri Lanka's Muttiah Muralitharan who took 800 wickets.

Bidding on Warne's cap reached $1 million two minutes before the original 10am deadline.

The auction was extended for almost 10 minutes because of a late flurry of bids.

Warne joined the unprecedented fundraising effort on January 6 when he announced he was putting his prized baggy green up for auction.

Cricket fans from around the world bid on Warne’s Test cap throughout the week, and all proceeds to be donated to the Australian Red Cross to help those affected by fires around the country.

The item would rank among the most valuable mementos from the decorated career of Australia’s all-time leading wicket-taker.

A stack of cricketers are donating sums of money based on how many sixes they hit or wickets they claim in this summer’s Big Bash League.

Australia’s Test attack pledged $1000 per wicket in the third match against New Zealand at the SCG.

-with AAP