The 37-year-old's coloured photograph shows her topless with her head held back and hands caressing a white horse's head as the animal nuzzles her chest, reported Sun Online.
The photo is auctioned as a part of The Wild Side of Photography sale. Jolie was photographed by David LaChapelle in 2001 when she was 25-years-old.
The photograph is expected to fetch between 25,000 to 35,000 pounds.
A tattoo of her ex-husband's name Billy Bob that was erased after they divorced, can be seen on Jolie's left arm. Two large tattoos on her stomach can be spotted as well.
The black-and-white photo was taken for W magazine in 2005. The picture features Jolie, Pitt and five children sitting around a dining table to pray before eating. The picture is expected to draw 8,000-12,000 pounds.