Rolling Stones guitarist Ronnie Wood and ex-wife Jo Wood are auctioning off their shared collection of art and band memorabilia, BBC News reported.

The couple's divorce was finalised last year after 24 years of marriage, following their separation in 2008.

Tour clothing and a custom-painted Fender Stratocaster, depicting a Stones recording session, are among the items going under the hammer on 27 October. The auction is expected to raise up to $500,000 (£388,000).

Part of the proceeds will go to MusiCares, the Grammys charity that offers recovery to people in the music industry.

The collection features memorabilia spanning four decades, from the guitarist's work with the Rolling Stones, his earlier association with Faces and his solo career.

Items include worn leather jackets, backstage passes from various Rolling Stones tours, and portraits of Keith Richards, Eric Clapton, and Bob Dylan.

Antiques, furniture and art from the Woods' former home in Surrey will also be included in the forthcoming sale.

An Erard harp is expected to raise up to $5,000 (£3,884), while a bronze jockey statue by Dame Elisabeth Frink could fetch as much as $85,000 (£66,000).

Wood, 65, has been focusing on his art career of late and opened an art show in April entitled, Faces, Time and Places in New York.

He also fronts programmes on Absolute Radio and the Sky Arts Channel that have him chatting and "jamming" with fellow musicians.