If you're of blue blood Hollywood pedigree like Jane Fonda, an actress with a multifaceted career that spanned a multitude of decades, accumulating accolades, awards and three husbands, chances are you've lived an extraordinary life and most likely in possession of a vast treasure trove of memorabilia, curiosities and of course, more than a few couture gowns.

And at age 78, one imagines the actress' collectibles have probably reached epic proportions. Even she has jokingly put it as, "I've had to take jobs just to pay for the storage!"

But now the two-time Oscar winner, political activist, writer, fashion plate and former fitness guru is unloading some of her valuables via auction today at Los Angeles' Julien's Auctions.

Fonda says she was inspired by Barbra Streisand, who also unloaded an array of her possessions with Julien's Auctions, which seems to be the action-house-to-the-stars.

"At a certain point of your life, you want to pare things down and simplify and that can includes things that really come from the heart, says Fonda in a video message about this, her first auction. "I spent a very long time going through everything I had. I'm sad in a way to let them go - they are like children - but one moves on."

Items featured in the Property from the Collection of Jane Fonda auction includes artworks, jewelry and clothing and smaller collectibles like her senior year high school yearbook and a signed script from On Golden Pond.

Some of the items are iconic and come from various stages of Fonda's storied career. Like the black and red striped leotard she wore on the cover of her workout album and book from 1982, which is expected to fetch between $1000 - $2000. Artworks include a Warhol portrait of the actress - a pop lithograph - which is expected to fetch upwards of $25,000.

And it would appear that perhaps one or two of the items don't hold much sentimental value for Fonda anymore - like her engagement ring and the dress she wore for her 1991 wedding to media mogul Ted Turner, her third husband.

Scroll through our slide show for some of the items up for bid.

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