More than 500 lots of paintings, furniture and ornaments will go under the hammer.
They were all in the Los Angeles home Jackson rented while preparing for his series of comeback concerts.
Over the weekend, the auctioneers recreated the Bel Air property inside its exhibit space for the public to tour.
Fans who flocked to see the reconstruction brought flowers, gifts and handwritten notes for the singer's children.
Auctioneer Darren Julien said: "Even though these weren't items that belonged to him, they were items that surrounded him in the final months of his life.
"Anything associated with Michael Jackson is highly collectible."
The headboard of the bed where Jackson died was removed from the auction at his family's request.
Among the lots are a number of items which had been personalised by the singer and are expected to fetch a substantial sum.
On an ornate mirror in the bedroom, Jackson had written a message in felt pen that read: "Train, perfection March April Full out May," presumably in reference to rehearsals for his This Is It concerts.
The mirror, which is part of a wardrobe, is estimated at around £5,000.
"The pieces that are really going to sell for a lot are the items that can be identified as having an association with Michael Jackson, like the armoire in his private bedroom where he handwrote on the mirror," Mr Julien said.
Another personalised item is a pottery rooster holding a chalkboard from the kitchen which bears a poignant reminder of Jackson's children Prince, Paris and Blanket.
A note from Jackson's children, Prince, Paris and Blanket, reads: "I (heart) Daddy SMILE it's for free."
The item is priced at £250-400 but is expected to fetch much more.
The auction follows the conviction of Jackson's personal doctor Conrad Murray.
He was sentenced to four years in prison for involuntary manslaughter last month after he admitted giving Jackson the powerful sedative propofol at home to help him sleep.
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