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The Irsay family will auction off the majority of the memorabilia collection owned by Jim Irsay -- a compilation of items for which the late Colts owner once said he was offered more than $1 billion.

The Indianapolis Colts announced that the family of late owner Jim Irsay will auction off most of his memorabilia collection.

Most of former Indianapolis Colts owner Jim Irsay's prized memorabilia is scheduled to be auctioned off in March, Irsay's daughters announced Thursday.