Items once belonging to Grantham-born former Prime Minister Margaret Thatcher go up for auction at Christie’s

Margaret Thatcher in the tank wearing the raincoat which is coming up for'sale at Christie's in London tomorrow afternoon (Tuesday). Photo: REX Shutterstock
Margaret Thatcher in the tank wearing the raincoat which is coming up for'sale at Christie's in London tomorrow afternoon (Tuesday). Photo: REX Shutterstock
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Nearly 200 possessions, owned and treasured by Grantham-born Margaret Thatcher until her death in 2013, are set to fetch around £500,000 at an auction in London tomorrow afternoon (Tuesday).

The collection, coming up for sale at Christie’s, includes:

Margaret Thatcher's famous 'Tank Raincoat' which she wore when she visited British troops stationed at the NATO training camp at Fallingbostel, Germany, on September 17, 1986, and clambered aboard a Challenger 1 tank. Photo: Christie's Images Ltd

Margaret Thatcher's famous 'Tank Raincoat' which she wore when she visited British troops stationed at the NATO training camp at Fallingbostel, Germany, on September 17, 1986, and clambered aboard a Challenger 1 tank. Photo: Christie's Images Ltd

* Lady Thatcher’s art deco emerald and diamond necklace, which alone is expected to sell for between £120,000 and £180,000, making it one of the most valuable items in the auction;

* the burgundy wool twill suit, made by Aquascutum, which Lady Thatcher wore when she left 10 Downing Street for the last time as Prime Minister on November 28, 1990, which is set to fetch between £5,000 and £10,000;

* the fawn Gabardine raincoat, also made by Aquascutum, which she famously wore when she visited British troops at a NAT0 training camp in Germany and clambered on to a Challenger 1 Tank, which became one of the most iconic images ever taken of Lady Thatcher;

* ‘the Tank Raincoat’, as it became known, which is expected to sell for between £10,000 and £20,000;

Portrait photograph signed by Ronald and Nancy Reagan depicting the Reagans with Margaret and Denis Thatcher at the state dinner at the White House, 16 November 1988. Photo: Christie's Images Ltd

Portrait photograph signed by Ronald and Nancy Reagan depicting the Reagans with Margaret and Denis Thatcher at the state dinner at the White House, 16 November 1988. Photo: Christie's Images Ltd

* her black quilted Christian Dior handbag (pre-sale estimates of £1,000 - £1,500);

* her burr oak desk (est £2,000-£3,000).

Last month, the Victoria and Albert Museum, in London, controversially rejected the chance to acquire Lady Thatcher’s clothes and defended their decision by saying that the museum only collects items of “outstanding aesthetic or technical quality” rather than those with “intrinsic social historical value”.

In an article for the Christie’s auction catalogue, Lord Charles Powell, who was Lady Thatcher’s private secretary between 1983 and 1990, refers to the burgundy suit. He said: “(She) left No 10 Downing Street after an unprecedented term of nearly 12 years as Prime Minister.

The burgundy wool twill suit which Margaret Thatcher wore'when she left Downing Street for the last time as Prime Minister on November 28,1990. Photo: Christie's Images Ltd

The burgundy wool twill suit which Margaret Thatcher wore'when she left Downing Street for the last time as Prime Minister on November 28,1990. Photo: Christie's Images Ltd

“It was a cruel ending for someone who changed Britain beyond recognition. But that’s politics.

“After the Falklands campaign, winning the miners’ strike, getting our money back in Europe, ending the Cold War and much else besides, it would be too much to expect gratitude. But the personal and political possessions and mementoes presented here (in the auction) tell the story of a great Prime Minister in their own way and one which people will remember.”

An art deco emerald and diamond necklace owned by Margaret Thatcher. Photo: Christie's Images Ltd

An art deco emerald and diamond necklace owned by Margaret Thatcher. Photo: Christie's Images Ltd

A desk used by Margaret Thatcher in the 1990s. Photo: Christie's Images Ltd

A desk used by Margaret Thatcher in the 1990s. Photo: Christie's Images Ltd

A black quilted leather Christian Dior handbag owned by Margaret Thatcher. Photo: Christie's Images Ltd

A black quilted leather Christian Dior handbag owned by Margaret Thatcher. Photo: Christie's Images Ltd