He relinquished dozens of watches and a Mercedes once owned by movie star Lauren Bacall.

Rudy Giuliani has turned over his 1980 Mercedes-Benz convertible, his luxury watch collection and a diamond ring, marking a partial end to a saga where the former mayor of New York City has tried to outrun the court system as two Georgia election workers try to collect on a $150 million debt he has owed them for a year.

Rudy Giuliani has relinquished dozens of watches and a Mercedes once owned by movie star Lauren Bacall to two former Georgia election workers who won a $148 million defamation judgment, according to his lawyer Friday. Joseph Cammarata said in a letter filed late Friday in Manhattan federal court that the trove of watches and a ring were delivered by FedEx to a bank in Atlanta, Georgia, in the morning. The 1980 Mercedes-Benz SL 500 was turned over at an address in Hialeah, Florida, and an undisclosed amount of funds from Giuliani’s Citibank accounts were also surrendered to the two women who won the judgment, according to the letter.

A representative for Rudy Giuliani says the former New York City mayor is relinquishing his cherished watches ahead of a deadline to turn over his assets to two former Georgia election workers who won a $148 million defamation judgment against...