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.

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Johnny Depp auctioning off valuable art collection ahead of divorce proceedings
BOSTON, MA - SEPTEMBER 15: Actors Amber Heard (L) and Johnny Depp attend the 'Black Mass' Boston special screening at the Coolidge Corner Theatre on September 15, 2015 in Boston, Massachusetts. (Photo by Paul Marotta/Getty Images for Warner Brothers)
US actor Johnny Depp (L), accompanied by his fiancee US actress and model Amber Heard (R), arrive at Tokyo International Airport on January 26, 2015 for the Japan premiere of his latest movie 'Mortdecai'. The action comedy movie will be screened in Japan from February 6. AFP PHOTO (Photo credit should read YOSHIKAZU TSUNO/AFP/Getty Images)
LOS ANGELES, CA - JANUARY 15: Johnny Depp and Amber Heard are seen at 'Jimmy Kimmel Live' on January 15, 2015 in Los Angeles, California. (Photo by RB/Bauer-Griffin/GC Images)
LONDON, ENGLAND - JANUARY 19: Johnny Depp and Amber Heard attend the UK Premiere of 'Mortdecai' at Empire Leicester Square on January 19, 2015 in London, England. (Photo by Karwai Tang/WireImage)
LOS ANGELES, CA - JANUARY 10: Honoree Amber Heard (L) and actor Johnny Depp attend the 8th Annual HEAVEN Gala presented by Art of Elysium and Samsung Galaxy at Hangar 8 on January 10, 2015 in Los Angeles, California. (Photo by Jason Merritt/Getty Images for Art of Elysium)
NEW YORK, NY - MAY 05: Johnny Depp and Amber Heard attend the 'Charles James: Beyond Fashion' Costume Institute Gala at the Metropolitan Museum of Art on May 5, 2014 in New York City. (Photo by Andrew H. Walker/Getty Images)
Johnny Depp and Amber Heard are married!The lavish island wedding is still to come, but People reports that The Rum Diary co-stars made it official Tuesday, marrying each other at their home in Los Angeles.People reports that Depp, 51, and Heard, 28, signed the papers to become man and wife in advance of their ceremony this weekend on Depp's private island in the Bahamas.The couple got engaged over the holidays in 2012 after meeting on the set of The Rum Diary in 2011.
LOS ANGELES, CA - FEBRUARY 12: Actor Johnny Depp (L) and his fiancee actress Amber Heard arrive at the premiere of Relativity Media's '3 Days To Kill' at the Arclight Theatre on February 12, 2014 in Los Angeles, California. (Photo by Kevin Winter/Getty Images)
LONDON, ENGLAND - JANUARY 19: Johnny Depp and Amber Heard attend the UK Premiere of 'Mortdecai' at Empire Leicester Square on January 19, 2015 in London, England. (Photo by Karwai Tang/WireImage)
LONDON, ENGLAND - JANUARY 19: Johnny Depp and Amber Heard attend the UK Premiere of 'Mortdecai' at Empire Leicester Square on January 19, 2015 in London, England. (Photo by Anthony Harvey/Getty Images)
SANTA MONICA, CA - JANUARY 10: (L-R) Johnny Depp and Amber Heard attend the Art of Elysium and Samsung Galaxy Marina Abramovic's HEAVEN Gala at Hangar 8 on January 10, 2015 in Santa Monica, California. (Photo by Tibrina Hobson/Getty Images)
US actress and model Amber Heard, accompanied by her fiance US actor Johnny Depp (unseen), arrives at Tokyo International Airport on January 26, 2015 for the Japan premiere of his latest movie 'Mortdecai'. The action comedy movie will be screened in Japan from February 6. AFP PHOTO (Photo credit should read YOSHIKAZU TSUNO/AFP/Getty Images)
LONDON, ENGLAND - JANUARY 19: Johnny Depp and Amber Heard attend the UK Premiere of 'Mortdecai' at Empire Leicester Square on January 19, 2015 in London, England. (Photo by Karwai Tang/WireImage)
LONDON, ENGLAND - JANUARY 19: (EDITORS NOTE: Retransmission of #461785548 with alternate crop.) Johnny Depp and Amber Heard attend the UK Premiere of 'Mortdecai' at Empire Leicester Square on January 19, 2015 in London, England. (Photo by Karwai Tang/WireImage)
NEW YORK, NY - MAY 05: Johnny Depp and Amber Heard attend the 'Charles James: Beyond Fashion' Costume Institute Gala at the Metropolitan Museum of Art on May 5, 2014 in New York City. (Photo by Axelle/Bauer-Griffin/FilmMagic)
LONDON, ENGLAND - JANUARY 19: Johnny Depp and Amber Heard attend the UK Premiere of 'Mortdecai' at Empire Leicester Square on January 19, 2015 in London, England. (Photo by Karwai Tang/WireImage)
US actor Johnny Depp (L) jokes with fiancee US actress and model Amber Heard (R) as they arrive for the UK premiere of the film 'Mortdecai' in London on January 19, 2015. AFP PHOTO / LEON NEAL (Photo credit should read LEON NEAL/AFP/Getty Images)
LONDON, ENGLAND - JANUARY 19: Johnny Depp and Amber Heard attend the UK Premiere of 'Mortdecai' at Empire Leicester Square on January 19, 2015 in London, England. (Photo by Karwai Tang/WireImage)
SANTA MONICA, CA - JANUARY 10: Actor Johnny Depp and actress Amber Heard arrive at The Art Of Elysium 8th Annual Heaven Gala at Hangar 8 on January 10, 2015 in Santa Monica, California. (Photo by Jon Kopaloff/FilmMagic)
Actor Johnny Depp attends the premiere of the feature film "Mortdecai" in Los Angeles on Wednesday, Jan. 21, 2015. (Photo by Dan Steinberg/Invision/AP Images)
LONDON, ENGLAND - JANUARY 19: Actors Johnny Depp (L) and Amber Heard attend the UK Premiere of 'Mortdecai' at Empire Leicester Square on January 19, 2015 in London, England. (Photo by Dave J Hogan/Getty Images)
LOS ANGELES, CA - JANUARY 10: Actors Johnny Depp and Amber Heard attend the 8th Annual HEAVEN Gala presented by Art of Elysium and Samsung Galaxy at Hangar 8 on January 10, 2015 in Los Angeles, California. (Photo by Jason Merritt/Getty Images for Art of Elysium)
TOKYO, JAPAN - JANUARY 26: Johnny Depp and Amber Heard are seen upon arrival at Haneda Airport on January 26, 2015 in Tokyo, Japan. (Photo by Jun Sato/GC Images)
TOKYO, JAPAN - JANUARY 26: Amber Heard is seen upon arrival at Haneda Airport on January 26, 2015 in Tokyo, Japan. (Photo by Jun Sato/GC Images)
SANTA MONICA, CA - JANUARY 10: Actors Johnny Depp (L) and Amber Heard attend the The Art Of Elysium 8th Annual Heaven Gala at Hangar 8 on January 10, 2015 in Santa Monica, California.(Photo by Jeffrey Mayer/WireImage)
SANTA MONICA, CA - JANUARY 10: Actor Johnny Depp and actress Amber Heard arrive at The Art Of Elysium 8th Annual Heaven Gala at Hangar 8 on January 10, 2015 in Santa Monica, California. (Photo by Jon Kopaloff/FilmMagic)
LOS ANGELES, CA - JANUARY 15: Johnny Depp and Amber Heard are seen at 'Jimmy Kimmel Live' on January 15, 2015 in Los Angeles, California. (Photo by RB/Bauer-Griffin/GC Images)
LOS ANGELES, CA - JANUARY 10: Honoree Amber Heard (L) and actor Johnny Depp attend the 8th Annual HEAVEN Gala presented by Art of Elysium and Samsung Galaxy at Hangar 8 on January 10, 2015 in Los Angeles, California. (Photo by Jason Merritt/Getty Images for Art of Elysium)
Actor Johnny Depp attends the cast of 'Benny & Joon' present Planet Hollywood with memorabilias from the film on March 22, 1993 at Planet Hollywood, California.
BEVERLY HILLS,CA - MARCH 25: Actor Johnny Depp attends the 'Benny & Joon' Beverly Hills Premiere on March 25, 1993 at the WGA Theatre in Beverly Hills, California. (photo by Ron Galella, Ltd./WireImage)
UNITED STATES - OCTOBER 01: Johnny Depp and Guest (Photo by The LIFE Picture Collection/Getty Images)
1988 File Photo of Johnny Depp at the Nosotros Benefit in Los Angeles, California taken May 13, 1988 in Los Angeles, California (Photo by Barry King/WireImage)
Nicolas Cage & Johnny Depp (Photo by Barry King/WireImage)
Actor Johnny Depp attends the 18th Annual Los Angeles Police/Celebrity Golf Tournament on May 14, 1988 at Rancho Park Golf Course in Los Angeles, California.
SHERMAN OAKS,CA - DECEMBER 13: Actor Dustin Nguyen, actor Johnny Depp and actor Peter DeLuise attend the FOX Television Stars Feed the Homeless on December 13, 1987 at Sherman Oaks Galleria in Sherman Oaks, California. (photo by Ron Galella, Ltd./WireImage)
POMPANO BEACH, FL - AUGUST 29: Johnny Depp greets fans after performing as part of the Sheila Witkin Memorial Reunion Concert at Club Cinema on August 29, 2008 in Pompano Beach, Florida. (Photo by Mike Franklin/FilmMagic)
UNITED STATES - AUGUST 22: Matthew Perry and Johnny Depp in New York to promote their first network series on the Fox Network in 1987 (Photo by Vinnie Zuffante/Getty Images)
Actor Johnny Depp poses for a portrait in Beverly Hills, Calif., on Thursday, June 22, 2006. (AP Photo/Matt Sayles)
Actor Johnny Depp poses for photographers at film premiere of "Pirates of the Caribbean: Dead Man's Chest," at the Disneyland theme park in Anaheim, Calif., on Saturday, June 24, 2006. (AP Photo/Matt Sayles)
LONDON - JANUARY 10: Johnny Depp attends the Sweeney Todd film premiere held at the Odeon Leicester Square on January 10, 2008 in London, England. (Photo by Eamonn McCormack/WireImage)
SANTA MONICA, CA - JANUARY 10: Johnny Depp; Amber Heard attend the The Art Of Elysium 8th Annual Heaven Gala at Hangar 8 on January 10, 2015 in Santa Monica, California.(Photo by JB Lacroix/WireImage)
SANTA MONICA, CA - JANUARY 10: Actors Johnny Depp and Amber Heard arrive at The Art Of Elysium's 8th Annual Heaven Gala at Hangar 8 on January 10, 2015 in Santa Monica, California. (Photo by Gregg DeGuire/Getty Images)
LOS ANGELES, CA - JANUARY 10: Honoree Amber Heard (L) and actor Johnny Depp attend the 8th Annual HEAVEN Gala presented by Art of Elysium and Samsung Galaxy at Hangar 8 on January 10, 2015 in Los Angeles, California. (Photo by Jason Merritt/Getty Images for Art of Elysium)
SANTA MONICA, CA - JANUARY 10: Actors Johnny Depp and Amber Heard arrive at The Art Of Elysium's 8th Annual Heaven Gala at Hangar 8 on January 10, 2015 in Santa Monica, California. (Photo by Gregg DeGuire/Getty Images)
LOS ANGELES, CA - JANUARY 10: Honoree Amber Heard (L) and actor Johnny Depp attend the 8th Annual HEAVEN Gala presented by Art of Elysium and Samsung Galaxy at Hangar 8 on January 10, 2015 in Los Angeles, California. (Photo by Jason Merritt/Getty Images for Art of Elysium)
LOS ANGELES, CA - JANUARY 10: Actor Johnny Depp (L) presents the Spirit of Elysium award to honoree Amber Heard during the 8th Annual HEAVEN Gala presented by Art of Elysium and Samsung Galaxy at Hangar 8 on January 10, 2015 in Los Angeles, California. (Photo by Michael Buckner/Getty Images for Art of Elysium)
NEW YORK, NY - MAY 05: Johnny Depp and Amber Heard attend the 'Charles James: Beyond Fashion' Costume Institute Gala at the Metropolitan Museum of Art on May 5, 2014 in New York City. (Photo by George Pimentel/WireImage)
HOLLYWOOD, CA - FEBRUARY 12: Johnny Depp and Amber Heard arrives at the '3 Days To Kill' at ArcLight Cinemas on February 12, 2014 in Hollywood, California. (Photo by Steve Granitz/WireImage)
Actor Johnny Depp kisses actress Amber Heard as they attend the US premiere of '3 Days To Kill,' at Arclight Cinemas, February 12, 2014 in Hollywood, California. AFP PHOTO ROBYN BECK (Photo credit should read ROBYN BECK/AFP/Getty Images)
Actor Johnny Depp and actress Amber Heard attend the US premiere of '3 Days To Kill,' at Arclight Cinemas, February 12, 2014 in Hollywood, California. AFP PHOTO ROBYN BECK (Photo credit should read ROBYN BECK/AFP/Getty Images)
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"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.

The Johnny Depp and Amber Heard Divorce by the Numbers


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