Representing New South Wales against Queensland, the pair played their last game in front of just a few hundred spectators at the Sydney Cricket Ground, the venue for some of their most memorable performances.
After three days of heavy rain, the teams made a series of sporting declarations that allowed Queensland to snatch a narrow victory and qualify for next week's final against Victoria.
But the 38-year-old Waughs took all the plaudits.
Steve, who retired from international cricket in January, scored just nine in his final innings while Mark made 72 off 49 balls, enabling him to get one over on his sibling.
Mark's half-century gave him a total of 26,855 runs from 368 first-class matches at an average of 52.04, compared to Steve's average of 51.95, made up of 24,052 runs from 356 games.
"It's a minuscule amount, but it's pretty appropriate because we're players of similar abilities," Steve said.
The pair announced last month they were retiring for good after almost two decades in first-class cricket.
Mark quit the international scene in 2002 after being dropped from Australia's one-day side and the test team while Steve played on until January.
He was also sacked from the one-day side in 2002 but defied calls to leave the test arena and played some of the best cricket of his career before going out on his own terms.
GREATER SUCCESS
Although Steve, born four minutes before his twin, always had a head start and ultimately enjoyed greater
Steve made his first-class debut in 1984-85 and was called into the test side as a skinny 20-year-old in 1985. Mark made his first-class debut a year after Steve but did not make his maiden test appearance until 1991, when he was called up at the expense of his brother and scored a debut century against England.
That same season, the twins shared a world record fifth-wicket partnership of 464 for NSW against Western Australia, and established themselves as test regulars.
They played more than 100 tests together over the next decade, easily a record for two brothers, and helped Australia win the 1999 World Cup.
Steve captained Australia for more than five seasons, setting new standards in leadership and establishing a host of records, while Mark settled for a reputation as a supremely gifted player who lacked his brother's killer instinct.
Steve's 168 test appearances is the most by any player and his aggregate of 10,927 test runs at 51.06 is second only to his former skipper Allan Border's 11,147.
His total of 32 test hundreds is bettered only by Sunil Gavaskar's 34 and he and Gary Kirsten are the only players to score hundreds against all nine test-playing opponents.
Mark played 128 tests, making 8,029 runs at 41.81, and is his country's leading run-scorer in one-day internationals with 8,500 in 244 matches.
But the statistics were just part of the enduring appeal of the sport's most famous twins who were raised in Sydney's working class western suburbs.
They developed a fierce competitive streak and never-say-die approach honed by years of backyard tussles and it was fitting that they should end their careers side by side in the same match.
