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CATAWBA – Former NASCAR driver Jeremy Mayfield is selling items worth about $5 million on the auction block next month as part of a favorite hobby of the N.C. resident.

During the past year, the former driver has faced a swarm of controversy, including alleged drug abuse and a suspension from NASCAR. But the auction isn’t because Mayfield is on hard times – he says his auction is an annual tradition on the farm.

“I think this is going to be huge because we've got so much different stuff,” said Mayfield. “Got some land involved in it, heavy equipment, tools… it should be fun.

“It's all I do all the time is try to find the nearest auction around, just trying to get a deal and just trying to outbid somebody. It's kind of competitive and sometimes I've ended up with stuff I didn't want just cause I got excited and started to bid against somebody.”

The auction includes 475 acres of land, a home under renovation, jewelry, guns and cars from Mayfield’s personal collection.

“He has a good fan base and I believe the fans will come out and support him during auction,” said Will Lilly of Iron Horse Auction Co.

While there are a lot of Mayfield’s personal items up for bid, there are also things he bought just to re-sell.

“I like to describe him as a horse trader,” said Lilly. “If he sees something that he can make some money on, he will buy it and trade on it and sell it for a profit and that is pretty much why we are here.”

Mayfield has held about four auctions before, but this is by far the biggest.

“We kind of want to make this a quarterly or yearly or something deal that we can come out here and buy equipment, and we've even got a lot of people that's bringing consignment so it should be a great deal,” said Mayfield.

The Mayfield auction could bring in as much as $5 million. Through the struggling economy, the auction industry has seen some growth. In 2008 it was $475 billion industry.