The majority of the items in the auction will relate to the life and career of Michael Jackson.
The highlights of the auction include:
A glove made by Bill Whitten for Michael Jackson to wear on The Jacksons Victory Tour which is estimated to sell for upwards of $100,000.
A prototype crystal glove which was made for Jackson after his famous Motown 25th Anniversary performance in which Jackson revealed his iconic Moonwalk; estimated to sell for $20000 or more.
Several drawings created by Michael Jackson and gifted to his close friend and actor Corey Feldman.
The auction will also feature items relating to Elvis Presley, Marilyn Monroe, Babe Ruth, The Godfather movies and more.
In statement released by The Memorabilia Vault they said: "This is the first time some of these items will be made available to the public. It's a great chance to own items that relate to several legendary and iconic people including Michael Jackson who passed away nearly 5 years ago now."
"The auction will include some very rare artworks created by Michael Jackson that he gifted to his close friend and actor Corey Feldman."
"One of the rarest items in the auction is Michael Jacksons Victory Tour glove which was created by the great late costume designer Bill Whitten. It is extremely rare for a glove made by Whitten to hit the auction block. We expect there to be a lot of interest in this item. A portion of the proceeds from the sale of this and a few other items in the auction will help benefit the Center For Great Apes."
"The Center For Great Apes provides a permanent sanctuary for orangutans and chimpanzees who have been rescued or retired from the entertainment industry, from research, or who are no longer wanted as pets. The center takes care of several well known orangutans and chimpanzees including Michael Jacksons chimpanzee Bubbles."
For more information or to make donations to the Center For Great Apes you can visit their website at: http://www.centerforgreatapes.org
The auction will take place online at http://www.thememorabiliavault.com. Its is a timed online auction. Bidding begins on May 14th and goes into extended bidding on June 14th at 9PM EST.