Margaret Thatcher’s iconic Asprey handbag is one of the world’s most expensive handbags

The black Asprey bag which was a symbol of authority to the former Prime Minister of the United Kingdom, Margaret Thatcher, is all set to go under the hammer. The auction of the bag will be by Christie’s in June and is expected to fetch around £100,000. The iconic bag is special in many regards as it was carried by the lady whenever she used to head for important meetings like with US president Ronald Reagan and Soviet leader Mikhail Gorbachev.

The bag is not only a piece of accessory but also has a historical value added to it, as it was used to keep receptacles for state papers and also reminds the people of her power. Her handbag came into notice when in 1980 a renowned newspaper quoted “She can’t look at a British institution without hitting it with her handbag.” By seeing her love for the handbags, Mrs Thatcher received a handbag as a gift from George Shultz, Ronald Reagan’s secretary of state in 1988.

Although this is not the first time a handbag is expected to fetch such a big amount, back in 2000 a Scottish businessman, Ian Rushbrook paid £100,000 for a handbag used by Baroness Thatcher.
The iconic handbag will go under the hammer on June 27 this year at Christie’s.

Via: Guardian