The cap was bought by CommBank CEO Matt Comyn in Sydney and was snapped up with only a minute of the auction remaining. The amount - A$1,007,500 (£691,437) - will go to the Australian Red Cross Disaster Relief and Recovery Fund. The baggy green is an iconic symbol of Australian Test cricket and players often wear the same cap for every Test in which they appear for their country. However, Warne, one of the greatest bowlers in the history of the game, was known to prefer wearing alternative headwear out on the field - a floppy white hat.