Don Bradman's debut 'baggy green' cap sold for record Aus$450,000
Pickles auction house said Tuesday the baggy green had been bought by the businessman Peter Freedman, whom is the Australian founder of RODE Microphones, after initially failing to sell under the hammer.
"After negotiations the final bid and highest offer was the $450,000," Pickles executive manager Gavin Dempsey told AFP.
In June, Freeman spent US$6 million on a guitar played by grunge rock icon Kurt Cobain, making it the most expensive guitar in history.
"All too often, memorabilia such as this ends up spending its life on the wall of some board room or in some basement bar of a well-heeled sports fanatic," Freedman said in a statement.
"I want as many people to enjoy it as possible."
Pickles said the cap was sold on behalf of an insolvency firm seeking to recoup some of the investors' losses.
However, it fell well below the Aus$1 million (US$756,000) paid for spin legend Shane Warne's baggy green when it was auctioned off to help Australian bushfire victims earlier this year.