This paper presents a new stand for studying the linear shrinkage kinetics of foundry alloys. The stand is equipped with a laser displacement sensor. Thanks to this arrangement, the measurement is of a contactless nature. This solution allows for the elimination of errors which occur in measurements made using intermediary elements (steel rods). The supposition of the expansion (shrinkage) of the sample and the expansion of the heated rod lead to the distortion of the image of the actual dimensional changes of the studied sample. A series of studies of foundry alloys conducted using the new stand allowed a new image of shrinkage kinetics to be obtained, in particular regarding cast iron. The authors introduce in the study methodology a real-time measurement of two linked quantities; shrinkage (the displacement of the free end of the sample) and temperature in the surface layer of the sample casting. This generates not only a classic image of shrinkage (S) understood as S = f (t), but also the view S = f (T). The latter correlation, developed based on results obtained using the contactless method, provide a new, so far poorly known image of the course of shrinkage in foundry alloys, especially cast iron with graphite in the structure. The study made use of hypo- and hypereutectic cast iron in order to generate an image of the differences which occur in the kinetics of shrinkage (as well as in pre-shrinkage expansion - expansion occurs during solidification).