Madonna's 'Papa Don't Preach' MTV Video Music Award Up for Auction

Madonna's MTV VMA for one of her iconic '80s hits will be sitting on a lucky -- and probably wealthy -- fan's shelf soon.

RR Auction tells TMZ ... Madonna's Moonman -- AKA MTV Video Music Award -- for her 1986 song "Papa Don't Preach" is now on the auction block with an estimated price tag of $60K.

It's a cool part of pop history ... the song was released as a single from her album "True Blue," and it became Madonna's 4th number one hit.

The track's all about dealing with teen pregnancy and abortion which, as you can imagine, stirred up plenty of controversies back then.

That also fueled buzz for the song which earned Madge 3 VMA nominations and a Grammy nom for Best Female Pop Vocal Performance.

If ya can't get your hands on the Madonna memorabilia, there's other cool stuff on this particular auction block -- including a Nirvana signed "In Utero" CD booklet, which is going for an estimated $12K!!!

Tom Hanks' military uniform worn on-screen in the 1994 flick "Forrest Gump" is also up for grabs in the auction, which ends December 7.