Century Cycles in Oyster Bay will close in late September and Joel will auction off his collection of bikes later this year.

Billy Joel will be closing 20th Century Cycles, his popular motorcycle shop on Long Island. For the past 15 years, the Oyster Bay shop has showcased the singer's private collection of expensive and rare motorcycles, which he spent decades gathering.

"Due to a recent medical diagnosis, Billy will be auctioning off his bike collection later this year," his publicist told AFP.