The model is the latest star to be immortalised in wax and her doppelganger was unveiled at Sydney`s Madame Tussauds museum at Darling Harbour on 05.07.12.
The replica took four months to complete and Victoria`s Secret Angel Miranda was required to undergo 500 measurements so her incredible figure could be recreated exactly.
The figure has been dressed in the red sequin gown that she modelled at the David Jones Spring/Summer Fashion Parade in 2011 which was designed by Alex Perry.
Perry was present to see the waxwork yesterday and he admitted he was thrilled Miranda, 29, had chosen his dress to adorn the statue.
He said: "It`s such an honour that she has chosen her wax figure to wear the scarlet red gown I designed for her."
Miranda may not be happy letting her husband Orlando Bloom see the waxwork because she recently admitted she doesn`t like the actor being in in the audience to watch her at her Victoria`s Secret lingerie fashion shows.
The 29-year-old supermodel - who has a 17-month-old son, Flynn, with Orlando, 35 - said: "I never really want Orlando to be there [in the audience of a show] because it makes me nervous."