Lady Diana was laid to rest at the family estate following her tragic car accident in 1997.
Earl Charles Spencer (Diana's brother) currently resides at the estate situated in Northhamptonshire in central England.
A Rubens portrait (17th century) is among the items to be put on the chopping block.
The funds raised will be invested and used to maintain the stately residence.
In addition to original paintings by the masters, there will be a wide selection of English and French furniture and a 19th century horse-drawn carriage.
Many of the pieces were either purchased by Lady Diana personally or have been in the Spencer family for centuries.
The Rubens - titled "Commander Being Armed for Battle" is expected to fetch a tidy sum.
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