Margaret Thatcher’s famous handbag fetches $40,000

Politically Margaret Thatcher was a woman who commanded respect the world over. And being a woman, she also owned quite a few accessories in her closet. So when one of Margaret Thatcher’s well-known handbags came under the hammer for charity, sparks were bound to fly. The bag in question is a boxy black leather Asprey bag which the former British prime minister held close for over 30 years.

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Sold to a private buyer for a staggering £25,000 ($39,953) at a Christie’s London, Thatcher had the bag on her arm at the Cold War negotiations with the then U.S. President Ronald Reagan and Soviet Union leader Mikhail Gorbachev. Thatcher was also attributed to the origins of the word “handbagging,” that best described her style.

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