A major collection of John Lennon (search) memorabilia, including an oil painting from his student days and a handwritten "All You Need Is Love (search)" manuscript, will go on sale next month.

The July 28 auction also will include a table from the home Lennon shared with his first wife, Cynthia; a tunic thought to have inspired the costumes on the "Sgt. Pepper's Lonely Hearts Club Band (search)" album cover; and a bedspread from Lennon's "bed-in" for peace in Montreal with Yoko Ono (search), Cooper Owen auction house announced Monday.

Cooper Owen, which specializes in auctions of music and film memorabilia, said it expects to raise $2 million from the auction, to be held at The Hippodrome nightclub in central London.