‘Iron Lady’ Margaret Thatcher suits sell for £73,000 in a fierce bidding war at Christie’s

Andrea Divirgilio / September 5, 2012

Britain’s longest serving Prime Minister, and the only women ever to have held the post, Margaret Hilda Thatcher ‘Baroness Thatcher’ was often called the ‘Iron Lady’ in respect for her uncompromising politics and leadership style. Known for implementing conservative policies that often come to be known as Thatcherism, Lady Thatcher though resigned as PM in 1990 after serving office for three consecutive terms, but she still remains a powerful political figure in the UK. However, she’s not only popular in the political circle but also at the auction blocks. Last year, Thatcher’s iconic Asprey handbag which she carried when meeting U.S President Ronald Reagan got sold for $39,629 at charity auction. Now, Baroness Thatcher’s 1970s seven suits which she worn at the beginning of her political career when she was tagged as ‘milk snatcher’, and were part of important moments like her introduction as leader of Conservative Party, garnered a total of $116,000, seven times more that its estimated price, under the hammer at Christie’s The London Sale in London.

Margaret Thatcher suits sell for £73,000 in a fierce bidding war at Christie's

All of the seven suits were actually worn by Margaret Thatcher when she served office as Secretary of State for Education and Science in his 1970 government.

Margaret Thatcher suits sell for £73,000 in a fierce bidding war at Christie's

Notably, a jade green wool suit by British designer Mansfield which was born by Baroness Thatcher on the historic day she was confirmed as the leader of the Conservative Party in February 1975, proved to be the auction highlight, fetching handsome $39,640, way above its estimated price of $2,350. This suit was bought by an anonymous purchaser, while a South Korea’s online bidder snapped up the other six items, which got sold for at least four times their guide value, totaling $76,100.

However, the other lots included a striking yellow dress suit by Mansfield with stand-out navy trims and a vivid green outfit worn for an appearance on Panorama in 1972.

Via: BBC

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