Power pearls and political handbags: Margaret Thatcher auction fetches $1.4 million

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Power pearls and political handbags: Margaret Thatcher auction fetches $1.4 million
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The catalogue offers a history of an iconic leader told through her stuff.

Eiichiro Sakata took this portrait of Margaret Thatcher when the British prime minister visited Japan in 1991. Thatcher favored the likeness and once remarked, “This is how I would like to be remembered.” By William Booth William Booth London bureau chief Email Bio Follow May 10 at 6:00 AM LONDON — Really, it’s just an old handbag. Well-made, obviously. A navy-blue lizard number with goldtone hardware. From Asprey of London. Circa 1990.

She was loved — is still loved — by conservatives on both sides of the Atlantic. And her name, too, still winds up Labour Party politicians, who denounce to this day the downsides of Thatcherism. The first two Christie’s sales of Thatcher’s personal effects, in 2015, garnered just north of $6.8 million, he said. This third one realized $1.4 million, with bidders from 36 countries and six continents.

Thatcher’s sapphire, diamond and cultured-pearl necklace sold for $19,500. “Through the lens of her possessions, objects she handled every day, things she lived with, one gets a glimpse,” Hume-Sayer said. “There’s the face she presents to the world and there’s a more private side.”

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