The 10th-century chess set is believed to have been made in the city of Nishapur, now modern-day Iran, with several pieces equivalent to chess figures such as pawns, knights, kings and queens.
Expecting to add to the value of the auction, the 16-piece ivory set was previously owned by German chess legend Lothar Schmidt, who is famous for refereeing the so-called 'Match of the century' played between American Bobby Fischer and Russian Boris Spassky during the height of the Cold War in 1972.
Auctioneers Sotheby’s say the set, which is on sale along with many more pieces of chess memorabilia, is important in understanding how the game of chess developed and spread through the Middle East throughout history.
"Each of the pieces carries huge significance in the evolution of the game throughout Persia and the Middle East. Highlights include an extremely rare, early and almost complete 10th-century set which represents an important addition to the knowledge and study on the evolution of the game of chess."
It is believed that chess was first established in India around the 6th century, before spreading across the Middle East and into Europe with the help of traders traveling through the region.
Experts predict the chess set could sell for anywhere in between US$28,000 — US$42,000 (£20,000-£30,000), while the auction is part of a wider sale of chess memorabilia expected to sell for more than US$100,000.
