Michael Jackson’s iconic moonwalk socks are expected to sell for over $1 million at auction.

The late Thriller hitmaker – who died in June 2009 aged 50 – first sported the custom crystal stockings during his Billie Jean performance at Motown 25: Yesterday, Today, Forever in May 1983, and now, the item is tipped to fetch a seven-figure sum.

New Jersey-based auction company GottaHaveRockandRoll are offering the socks as part of their Frank DiLeo collection in the coming weeks, as well as a signed letter from the legendary singer to the late music executive.

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Wow: Michael Jackson’s iconic moonwalk socks are expected to sell for over $1 million at auction (pictured in November 1996)

Former actor Frank – who passed away in August 2011 aged 63 – managed Michael from 1984 to 1989 – and presented the gift to him as a token of appreciation for keeping the Goodfellas star on his ‘toes’ throughout his Victory Tour.

The package also comes with a certificate of authenticity and a letter from Frank’s wife confirming Michael wore them for his moonwalk debut.

Sharing a preview of the lot on the website, the minimum bid starts at $100,000, with interested buyers expected to put up $1,000,000 – $2,000,000 for the package.

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Bedazzled: Auction company GottaHaveRockandRoll are offering the socks as part of their Frank DiLeo collection in the coming weeks (pictured in November 2009)

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First appearance: The late Thriller hitmaker – who died in June 2009 aged 50 – first sported the custom crystal stockings at Motown 25: Yesterday, Today, Forever in May 1983 (pictured)

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In for a treat: The package will also include a signed letter from the legendary musician to the late music executive – who passed away in August 2011 aged 63 (pictured in October 2009)

Fans who don’t have the cash to splash on the bedazzled socks can also look out for more pieces of Michael memorabilia, including the original gold and platinum awards for Thriller, Dangerous, Bad, This Is It and Off the Wall, as well as a prop sign used in the 1988 film Moonwalker.

The Will You Be There singer was best known for his trademark vocals, impressive dance moves and quirky ensembles, so the items are expected to go down a treat. The auction runs from November 13-22.

Meanwhile, Michael’s oldest son, Prince, 22, recently reflected on his father’s legendary music career, and admitted despite finding it difficult to chose a stand-out track, he does have his favourites.

A look back at the life and legacy of pop icon Michael Jackson

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Impressive: The singer was best known for his trademark vocals, impressive dance moves and quirky ensembles, so the items are expected to go down a treat (pictured in January 1993)

He told Extra last month: ‘One of my favourite songs… is Man in the Mirror because it’s such a great call to action, you know, everybody can get behind.

‘It is like, “If you really want to make a change for the world, you need to change yourself first and you need to really look within and see yourself for who you actually are.”‘

The media personality also shared Paris, 21, with former partner Debbie Rowe, while his youngest son Blanket, 17, was born via a surrogate.

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‘One of my favourite songs… is Man in the Mirror’: Michael’s oldest son, Prince, 22, recently reflected on his father’s legendary music career (pictured last month)