The two-day event, which will be held Nov. 7-8 at Julien's Auctions, will also include costumes and jewelry worn by the singer-actress in "A League of Their Own" and the "Material Girl" music video.
Thirty-eight costumes the pop star wore in the "Evita" film will be auctioned, including Eva Peron's inauguration dress.
"This is the biggest collection of Madonna items ever to come to auction at one time," Martin Nolan, the executive director of the auction house, told Reuters.
The Madonna collection is part of "Icons & Idols: Rock 'n' Roll," which will represent 40 artists, including Katy Perry, Beyonce, Lady Gaga and Naomi Judd. A portion of the proceeds will go to their respective charities.
Alan Parker's "Evita" film, which was released in December 1996, also starred Jonathan Pryce as Juan Peron, Antonio Banderas as Che Guevara and Jimmy Nail as Magaldi. Parker also wrote the screenplay. Cinematography was by Darius Khondji. The production was designed by Brian Morris with costumes by Penny Rose.