Jackson pleaded guilty earlier this year to using campaign funds for personal expenses. He was sentenced last month to more than two years in prison and will begin serving time in November.
Money raised from the sale of the group of largely flashy and wacky items — which include a guitar signed by Michael Jackson, fur capes, and an autographed Bruce Lee photo — will go toward paying down a judgment against the 48-year-old former congressman.
Jackson was seen relaxing poolside at a Beverly Hills, Calif., resort last month. He told a local television station at the time he was in the Golden State to spend time with relatives and because, "I am covering my bases considering my near future."
--Megan R. Wilson contributed.