"He's donating the proceeds to an educational charity and is hoping to walk away with some closure."

"Jessica took the lion's share of her photos and personal memorabilia when she moved out," said the friend. "She's got most of it in storage along with her personal pictures of them from their years together.

"Nick is going to hold on to the really sentimental stuff. There are a few things he can't bare to part with."

Nick is also selling off Jessica's things to protect new love Vanessa's feelings, said another source.

"Nick is planning to have Vanessa around a lot," said the source. "In fact, word is she's moving in to Nick's Beverly Hills mansion soon.

"So the fewer pictures of Jessica in her pink bikini the better!"