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Thatcher’s purse pays – Known for ‘handbagging’ foes

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A handbag belonging to former British Prime Minister Margaret Thatcher has attracted a bid of $152,500 in an Internet charity auction.

Thatcher, now a baroness, donated the black Ferragamo handbag to internet auctioneer handbag.com, with the profits to go to Breast Cancer Care, a British charity that provides services to breast cancer patients.

Thatcher’s tough style of debate, combined with her fondness for large formal purses, led to a new phrase in British political folklore: after a rough exchange her political opponents often said they had been given a “handbagging.”

Bidding started at 50 pounds on July 3. Since then, over sixty bids have been posted, and the organizers are currently only accepting bids of more than 1,000 pounds. The auction will end at 10:42 a.m. on July 13.

Handbags from 15 famous women are being auctioned, including one from Cherie Blair, wife of current British Prime Minister Tony Blair.

For full story, go to America Online.

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