Rod Stewart and his wife Penny Lancaster are to host a star-studded auction in aid of Britain's Teenage Cancer Trust.

The 74-year-old rocker will regale 180 guests at the select event with memories from his career, as well as singing some of his favorite hits alongside an 11-piece band, while they enjoy a selection of his favorite food, cocktails, wine, and flowers.

The Memories That Matter event at a top-secret London venue will also feature a silent auction with lots donated by Rod and some of entertainment's biggest stars.

These include the chance to dine at The Ritz with the Maggie May hitmaker and his wife, a guitar signed by Ed Sheeran, the chance to be Emma Thompson's guest at the film premiere of Cruella, and exclusive art by Rod's former Faces bandmate Ronnie Wood.

Rod, who revealed he has beaten prostate cancer himself earlier this year, has worked with Teenage Cancer Trust patron Mark Aldridge to put the bash together.

Thanking all those involved, the Trust chief Kate Collins said in a press release: "The Memories that Matter event with Sir Rod Stewart has been created by our patron Mark Aldridge and we are incredibly thankful to Mark, Sir Rod, and Lady Stewart for their commitment to supporting young people with cancer."

Bosses at event sponsor Atelier Swarovski has donated a trip to its HQ in the Austrian Alps, while Evening Standard proprietor Evgeny Lebedev has offered a five-night stay in a castle in Umbria, Italy. Other lots include a voyage for two on the Queen Mary 2 cruise liner and VIP seats to see Gucci unveil their Spring/Summer 2020 collection at Milan Fashion Week.

Rod, Penny, and Teenage Cancer Trust bosses hope that the auction and event, which will be held on 22 November, will raise more than $1.3 million for youngsters between the ages of 13 and 24, who are battling the disease.