Michael Jackson's red 'Thriller' jacket will be auctioned off.

The red jacket worn by 'King of Pop' Michael Jackson during 'Thriller' is up for auction.

The "Prapp Store," an auction house specializing in entertainment-related collections, says it will auction off more than 350 items once used or owned by superstars.

These include a jacket signed by Michael Jackson and the couple who directed the "Thriller" music video, and a military-style jacket with gold decorations.

Also up for auction is Michael Jackson's handwritten "Beat It" lyrics and a master tape containing four unreleased demo recordings by Jimi Hendrix.

The auction house expects to earn 2 million pounds and 3.54 billion won through the event.