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After having his mega mansion foreclosed in March, then being evicted from it last month, boxing great Evander Holyfield is broke and must now bid farewell to a trove of some of his most prized possessions in an auction, reports Bloomberg Businessweek.

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Over 500 items from his life will be sold in a November auction.  Rolex, Patek Phillippe and Cartier watches, furniture and his cherished 1962 Chevy Corvette will be among the items sold.

Holyfield will also auction off items such as his championship rings, belts, robes and boxing trunks. The champ is also putting up the boxing gloves from his famed 1997 “Bite Fight,” the famous heavyweight bout in which Mike Tyson (pictured left) bit off a piece of his right ear in the third round.

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Holyfield, who has made a reported $250 million during his career, was evicted from his 109-room Georgia mansion. It later sold for a paltry $7.5 million in a foreclosure auction.

He owed more than $14 million on the home. Holyfield also has baby momma drama with eleven children. He owes in excess of $372,000 in back child support. There are also delinquent IRS debts that the 50-year-old also has to contend with and a $500,000 lawsuit stemming from a 2008 landscaping bill.

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As if things couldn’t get any worse, Holyfield, whose boxing career spanned three decades, most recently attended the 2012 London Olympics was randomly selected by a “Today Show” news crew covering the summer games to participate in a random man-on-the-street interview. The reporter didn’t have a clue she was speaking with a boxing legend. Ironically, Holyfield won a bronze medal for boxing in the 1984 Summer Olympic Games in Los Angeles.

That, too, will be up for grabs at the auction.

The Beverly Hills, California-based Julien Auctions will be handling Holyfield’s possessions. The boxer’s items will be sold in two sessions on November 30, 2012.  Bidders can participate in person, over the phone or online.

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