A waistcoat owned by Captain James Cook has failed to sell at an Auction in Sydney
The 250-year-old waistcoast was passed in at A$575,000 (£350,167) at Sunday's auction in Sydney, after being valued between £487,000 and £670,000.
Aalders Auctions said the highest bidder, a local, was now in negotiation with the owner.
The British explorer's 250-year-old waistcoats was passed in at £350,167 The top ten British explorers Mon, February 1, 2016
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“There have been a few Captain Cook items come up but probably nothing as significant as this,” said Julian Aalders from Aalders Auctions.
The auctioneer said Cook's family kept the waistcoat in the United Kingdom after the explorer's death from a knife wound in Hawaii in 1779.
Aalders Auctions said the highest bidder was now in negotiation with the owner
The waistcoat was kept by Captain Cook's family in the UK after his death in 1779
In 1912 a British industrialist bought the waistcoat from an antique dealer and gave it to a prominent Sydney pianist, Ruby Rich, who had the garment altered to fit a woman, Aalders said.
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Unfortunately, the auctioneer said, Rich wore the garment to many social gatherings and spilt wine on it.
The auctioneer didn't disclose the identity of the seller, a private collector, who bought the garment from Rich's family in Sydney in 1981.