Sydney, Dec. 16 : The owner of the baggy green cap worn by Sir Donald Bradman in his final Test for Australia has sold the historic cap for a loss.

Auctioneer Charles Leski was quoted by Fox Sports as saying that the cap sold on Tuesday for an undisclosed sum over 400,000 dollars after it was passed in without a bid at auction last night.

Melbourne Owner Tim Serisier invested his 250,000 dollars winnings from game show Who Wants To Be A Millionaire? in 2003 on the famous baggy green.

Leski said Serisier bought the cap from Bradman''s godson Richard Robins Junior in England for about 420,000 dollars.

The cap was sold well below its reserve of 450,000 dollars.

Earlier this month, Leski''s Melbourne auction house tipped in a statement the cap worn by Bradman on the 1948 Invincibles'''' Ashes Tour of England would sell for 750,000 dollars, but interest "could see it top $1 million''''.

Leski said the sale price was still a record for sporting memorabilia in Australia. He admitted the timing of the sale was not the best.

About 40 people attended the auction of sporting memorabilia in a small showroom at Charles Leski Auctions in Melbourne last night.

But the buyers were not excited about the cap and it was quickly passed in.

The cap comes with a letter of authenticity and a second letter written by Bradman shortly before the 1948 tour, in which he said he was not the player he once was and he was gaining runs mainly by experience.

Australia went undefeated in the 1948 tour and Bradman, the captain, scored two centuries, and a duck in his final innings, leaving him with a Test average of 99.94 - just four runs short of an average of 100. (ANI)