Almost five years to the day after Warne claimed his 700th Test wicket, the legendary spinner was there to see the marvellous creative work of sculptor Louis Lauman.
The 2.5-metre statue recreates his classic action in his heydays.
Warne's fiance Elizabeth Hurley, his children Brooke, Summer and Jackson, her son Damian and his former captain Mark Taylor were among the hundred-odd people present at the unveiling.
'That's 300 kg, so it's pretty lifelike from when I played,' Warne joked after the unveiling and congratulated the sculptor for making a very good likeness that he was proud of.
'It's fantastic Louis. Congratulations mate, you've done a great job,' he said.
'Very proud, it's a great honour. It's sort of weird seeing yourself up there, but it's a very good likeness.'
On the statue's grip of the ball, Warne said it looked like a leg-break.
In Image: Australian cricket player Shane Warne stands in front of a statue of himself unveiled outside the Melbourne Cricket Ground (MCG) in Melbourne on December 22, 2011.