Johnny Depp Auctioning Off Valuable Art Collection Ahead of Divorce Proceedings

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Johnny Depp is looking to part with his immensely valuable collection of paintings ahead of his forthcoming divorce from Amber Heard.

The Alice Through the Looking Glass star has auction off his multi-million dollar collection of works by Jean-Michel Basquiat which the actor acquired over 25 years, according to Christie's auction house, who announced the sale on Thursday.

According to the announcement, Depp has been "in dialogue" with Christie's "since the start of the year."

WATCH: Johnny Depp & Amber Heard: A Timeline of Their Relationship, Divorce and Domestic Abuse Allegations

Depp has long been a fan of the celebrated abstract artist, and was quoted in a Basquiat biography explaining his love for the work.

"Nothing can replace the warmth and immediacy of Basquiat's poetry, or the absolute questions and truths that he delivered," Depp said.

The auction will take place June 29 and 30 at Christie’s King Street auction house in London.

WATCH: Johnny Depp and Amber Heard Divorce: How The Couple Is Dealing With Their Big Split

The off-loading of the pricey paintings comes amid Depp's contentious split with Heard, who filed for divorce from the 53-year-old actor on May 23 after 15 months of marriage.

The 30-year-old Rum Diaries star, who alleges that Depp was physically abusive toward her during their marriage, was granted a temporary restraining order against her ex on May 27.

Depp's divorce attorney, Laura Wasser, denied the allegations and claims in court documents that Heard is "attempting to secure a premature financial resolution by alleging abuse."

WATCH: Johnny Depp and Amber Heard to Divorce With No Prenup: Who Gets What?

The divorce could end up being very expensive for Depp, who is estimated to be worth nearly $400 million, due in large part to his work in the wildly successful Pirates of the Caribbean franchise.

The couple is divorcing in California, which is one of the eight states in the U.S. that divides marital assets using the “community property” method, meaning the judge simply divides the couple’s joint assets in half, though individuals generally retain inherited and premarital assets.

For more on the financial implications surrounding the high-profile split, check out the video below.

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