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.
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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