Prince's White Cloud Guitar Among Items Set for Auction

Kristian Dowling/Getty Images

The guitar has a presale price tag of $10,000 to $20,000.

Ruffled, sparkly rock star outfits worn by Prince and one of his famous white "Cloud" guitars are among the late superstar's belongings set to be auctioned off on May 18 to kick off a two-day "music icons" sale, Julien's Auctions announced Monday.

The auction will take place both online and live at the Hard Rock Cafe. The Prince items are being sold by family members and former employees, a Julien's spokeswoman told the Associated Press.

The Schecter electric guitar was commissioned by Prince in 2002 and designed in the style of the one used in the 1984 film "Purple Rain." It was designed by Dave Rusan and gifted to a Paisley Park employee and has a presale price tag of $10,000 to $20,000.

A custom electric blue two-piece ensemble Prince wore onstage in a 1999 pay-per-view concert at Paisley Park with Lenny Kravitz will also be auctioned, with a presale value set at $40,000 to $50,000. A purple glitter outfit he wore during tours in 1997 and 1998 was valued at $6,000 to $8,000.

Various pairs of Prince's signature high-heel booties are also included, along with jewelry, clothing designed by Versace and Prada, awards, posters, tour schedules, backstage passes and set lists.

Last November, a bidding war resulted in a $700,000 sale of a Prince guitar, the highest price ever paid for one of the late icon's instruments, according to Julien's. The teal blue Cloud guitar had a presale value set at $60,000 to $80,000.