Margaret Thatcher auction items fetch over £4.5 million

An auction and online sale selling clothes and artefacts from Margaret Thatcher’s prime ministerial career has raised more than £4.5 million.

Margaret Thatcher. Picture: Getty Images

In a sale hailed as historic by auctioneers at Christie’s in London, a collection of 185 items belonging to the Iron Lady smashed expected bids by thousands of pounds each.

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The top selling lot was a model of an American bald eagle awarded to the former premier in 1984 with the message: “With best wishes from Ronald Reagan.” Expected to fetch £8,00, it was bought by an online buyer for £266,500.

Second was her red Morocco dispatch box embossed with the words “Prime Minister” and numbered I, which was sold for £242,500 and attracted bidders from as far as South Korea and Malta.