Margaret Thatcher’s iconic handbags go to auction

LONDON: Handbags owned by late British leader Margaret Thatcher, whose apocryphal use of the accessory as a tactical weapon gave rise to the term “handbagging,” are to be auctioned off after a museum rejected them.
They are among 350 “historic and personal lots” — also including clothes, signed copies of speeches, her wedding dress and her red prime ministerial dispatch bag — that auctioneers Christie’s said on Tuesday would be offered at its London showroom on Dec 15 and later online.
The sale presented a unique opportunity to buy items from the estate of Britain’s longest-serving 20th century prime minister and the only woman so far to have held the office, Christie’s said, adding that value estimates ranged from 200 to 180,000 pounds ($300-$280,000).
It noted the term “handbagging” was coined in the 1980s with reference to Thatcher’s style in Cabinet meetings, and defined in the Oxford English Dictionary as an action by a woman to “verbally attack or crush (a person or idea) ruthlessly and forcefully.” The auction was announced after London’s Victoria & Albert Museum, Britain’s main repository of historic articles of clothing, said it did not deem the articles appropriate for its collection.