CBS News correspondent Richard Roth reports the heirlooms were expected to bring in more than $15 million.
One piece up for bid: a Harry Winston pendant diamond valued at about $4 million.
Another one: a small object that sailed on the Onassis yacht -- a Faberge-designed Buddha with a bouncing head, expected to bring more half-a-million dollars. As Roth put it, "a dashboard ornament for the very, very rich!"
The event, notes Roth, "is being sold as a celebration of an era," one in which "celebrity glittered like a diamond big as the Ritz."
To see Roth's report, and many of the items, click on the arrow in the image below: