Among the items - which the late singer traded with the owner of a US auction house in return for classic Hollywood memorabilia - is one of his Mickey Mouse jackets, which has a pre-sale estimate of between $10,000 and $15,000.
The online sale, held by the New York-based auction house Gotta Have It!, will take place between October 6 and October 15.
A custom-made Swarovski crystal jacket is expected to sell for between $20,000 and $30,000, while the black gloves the singer wore on the Bad album cover are expected to fetch between $30,000 and $50,000.
Other items include signed albums and photos and a worn military jacket (circa 1990s), which is estimated to sell for between $6,000 and $8,000.
Source: musicrooms.net