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More than diamonds and pearls: Prince guitars, signature wardrobe and more up for auction in New York City

© The Prince Estate; Photographer: Nancy BundtIf you're hoping to own a guitar or clothing once used and worn by Prince, you're in luck. 

New York City's Hard Rock Café is holding a two-day music-memorabilia auction that offers guitars and other collectible items owned by late legend.

Today, Friday, is the first day of the sale, and it features property from Prince's life and career.   

The auction, starts at 2 p.m. ET and guitars, outfits, shoes, gold and platinum record awards, recording equipment, photographs, jewelry and handwritten lyrics are among the items up for bid.

Among the items up for bid are a Schecter "White Cloud" electric guitar, valued between $20,000 to $30,000 and an electric-blue outfit the late music icon wore while performing with Lenny Kravitz during a 1999 New Year's Eve event at his Paisley Park residence, valued at between $50,000 and $70,000.

The item expected to fetch the most is a custom-made Yellow Cloud guitar that Prince played onstage -- it's estimated to bring in between $60,000 and $80,000.

The auction's second day, which will feature memorabilia from a wide variety of artists, will be held Saturday, May 18, and will include two sessions beginning at 10 a.m. and 1 p.m. ET, respectively. 

Visit JuliensAuctions.com and JuliensLive.com for more details about the sales.  

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