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While Pierce Brosnan, Timothy Dalton, George Lazenby, Roger Moore and Daniel Craig are expected to attend, the seven-time Bond is not taking part.
A sculpture of the British actor has been unveiled in the Estonian capital of Tallinn on January 27 outside whiskey sampling society The Scottish Club.
The actor has to deposit the combined sum as part of an ongoing money-laundering and property fraud investigation.
Eleven years before he was James Bond, Connery worked as a naked model for art students and his naked body was translated into painting by Rab Webster.
The 'Bond' actor, who was bulked up in the 1960s, fought off four men in a club while Caine 'just held his coat.'
He and wife Micheline were due to stand as witness in the case of their former property but they didn't show up.
Together with his wife, he is summoned to a Spanish court which is investigating a property company which fails to pay $2 million tax on sale.
The footage was rediscovered in America's Library of Congress and British Film Institute is planning to showcase the dramas.
The actor was said to have sold his property for $9 million in 1999 and it was knocked down and replaced by a complex.
The Aston Martin sports car which Sean Connery drove in James Bond films, 'Goldfinger' and 'Thunderball', will be auctioned off in October.
Rumor has it, the filmmakers behind the fifth installment of the 'Indiana Jones' series are planning to bring Professor Henry Jones Senior back to the big screen.