Margaret Thatcher's collection to be auctioned by family

Over 300 items of clothes, jewellery and political mementos from the personal collection of former British Prime Minister Margaret Thatcher are to be sold off by her family.
London's famous Victoria & Albert (V&A) Museum had previously turned down the opportunity to display Thatcher's wardrobe, leading to her family's decision to auction off the belongings, from her red dispatch box to her wedding dress, one-by-one next month.
Christie's will conduct the auction on behalf of Lady Thatcher's children, Mark and Carol, 'The Telegraph' said.
The items of the late Prime Minister's wardrobe, including her famous power suits, handbags and jewellery, will be sold with the proceeds to be split among her children.

A Christie's spokesperson said: "The property is being sold on behalf of beneficiaries of Baroness Thatcher's estate as part of the arrangements following her death in 2013.
"These auctions present unique opportunities, across price levels, for collectors around the world to acquire property from the longest serving Prime Minister of the United Kingdom in the 20th century and the only woman to have held office to date.

The V&A said it refused the collection on the basis that they collect only items of "outstanding aesthetic or technical quality" rather than those with "intrinsic social historical value".
The items had been left as part of Lady Thatcher's estate, which bequeathed a third of her inheritance to each of her children, Sir Mark and Carol, and the remaining third in trust for her grandchildren.

Earlier this year, a treasure trove of papers belonging to Lady Thatcher, valued at 1 million pounds, were offered to the nation, after her family donated them in lieu of paying inheritance tax.