Several former Young British Artists (YBAs) have donated a series of works to be sold at Christie's post war and contemporary art sale on February 12.
The works are to cross the block to support the opening of a new gallery at Goldsmiths - the alma mater of some of the most important British artists of recent times.
Richard Noble, head of Goldsmiths' art department, commented: "The Gallery will open a new and important chapter in Goldsmiths' history.
"We want to build it to acknowledge the hugely important legacy of our alumni, and to ensure that future generations of artists get the inspiration and support they need to keep London at the centre of the contemporary art world for the next century."
Damien Hirst's Ipatropium Bromide is available with an estimate of £250,000-350,000 ($380,471-532,659), while a piece by Antony Gormley titled Another Time XX is valued at £120,000-180,000 ($182,626-273,939).
Francis Outred, Christie's head of post-war & contemporary art in Europe, commented: "Goldsmith's has inspired three successive generations of artists, who in their turn have brought about a sea-change of interest in contemporary art, first in London and then around the globe.
This has impacted not just the art world but by extension the wider fabric of our society. With Steve McQueen winning the Oscar for Best Director last year and Sarah Lucas representing Britain at the Venice Biennale this year, the alumni of Goldsmith's continue to penetrate and influence global culture."
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