Sir Donald Bradman’s first baggy green Test cap has been sold for 450,000 Australian dollars (£253,000) at auction, the second-highest price paid for a piece of cricket memorabilia.

Australian businessman Peter Freedman, who earlier this year paid nine million Australian dollars (£5 million) at an auction for a guitar used by Nirvana frontman Kurt Cobain, plans to tour Bradman’s Test debut cap around Australia.

The price for Bradman’s 1928 Australia cap sits behind the 1,007,500 Australian dollars (£567,000) paid at auction for Australian leg-spinner Shane Warne’s Test cap earlier this year – the world-record price for an item of cricket memorabilia, auction officials said.

Bradman represented Australia for 20 years, playing 52 Test matches from 1928 to 1948, and is generally regarded as the world’s best ever cricketer.

Knighted for his services to cricket in 1949, he retired from Test cricket with a batting average of 99.94, making his Test batting achievements nearly twice that of the nearest batsman in the longer version of the game.

“Sir Don Bradman is an Aussie legend,” said Mr Freedman, the founder of Rode Microphones.

“Not only as one of our greatest talents on the sporting field and one of the most revered athletes of all time, but as an icon of Australian fortitude and resilience.

“I have some exciting plans for the baggy green that will see it travel the country and shared with sports fans and cricketing communities.”

The reason for the auction was related to criminal activity.

The cap was presented to Bradman before his Test debut against England in November 1928 in Brisbane.

Donald Bradman
Sir Donald Bradman (AP)

Bradman gave the cap to a family friend, Peter Dunham, as a gift in 1959.

Dunham, who was Bradman’s neighbour in Adelaide, South Australia, was earlier this year jailed for fraud.

In May, he was jailed for more than eight years for taking one million Australian dollars (£563,000) from investors.

Some of Dunham’s victims sought access to Bradman’s cap to help pay off the accountant’s debts.

Dunham’s estate was bankrupted, with Bradman’s cap auctioned under instructions from the trustee.

In June, Mr Freedman purchased the acoustic guitar used by Cobain in Nirvana’s renowned unplugged performance in 1993.

Mr Freedman’s bid for the 1959 Martin D18E acoustic guitar was the highest price ever paid at auction for a guitar, officials for the Bradman auction said.