Thatcher's famous black Asprey handbag to fetch £100K at auction

Margaret Thatcher's famous black Asprey handbag, that terrorised ministers, is expected to fetch 100,000 pounds at an auction.

It was a symbol of her uncompromising style as British Prime Minister and added a new word to the dictionary.

The black Asprey accessory bag was at her side during some of the most important summit meetings of the 1980s, with then US President Ronald Reagan and Soviet counterpart Mikhail Gorbachev.

It is being offered by Christie’s on June 27 in a charity sale of items donated by celebrities, reports the Daily Mail.

The bag is expected to have a much greater perceived historical value because she used it as a receptacle for state papers.

The word ‘handbagging’ was a reference to Thatcher’s abrasive style when dealing with those who incurred her displeasure, and is often attributed to the late Tory MP Sir Julian Critchley.

In 1988, Thatcher received a handbag as a gift from George Shultz, Ronald Reagan’s secretary of state.

He told her it was ‘to mark your ability to produce from within the right form of words to end a tedious discussion. You are the first and only recipient of the Grand Order of the Handbag.’

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