28 Jun '11, 10am

Thatcher’s famous handbag sells for £25,000

Thatcher’s famous handbag sells for £25,000

A handbag that once belonged to former British prime minister Margaret Thatcher was sold for £25,000 at auction at Christie’s in London Monday. Thatcher frequently used the black Asprey bag on important occasions, such as summits with then US president Ronald Reagan and Soviet leader Mikhail Gorbachev during her 1979-1990 premiership. The former leader dubbed the “Iron Lady” donated the bag to her Conservative Party’s ex-lawmaker and author Jeffrey Archer for a charity auction. Proceeds from the bag’s sale will go to armed forces charities Combat Stress and The British Forces Foundation and to Debra, a charity helping sufferers of the genetic skin blistering condition Epidermolysis Bullosa. Cartoonists often portrayed Thatcher clobbering opponents with the blunt instrument while Lord Kenneth Baker, who served in Thatcher’s cabinets from 1985 to 1990, called the bag her “se...

Full article: http://www.luxuo.com/handbag/margaret-thatcher-asprey-bag...

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