Thatcher Portrait Goes for £440,000

Showing that she still has star-quality, a 1990 Michael Noakes portait of Maggie auctioned for a little short of half-a-million quid. The sale took place at the Tory spring ball at the Grosvenor House Hotel in London. Interestingly the bidder, Guido believes, would not have to be declared as a donor by the Tories in the usual manner, because the bidder did not make a donation – they purchased a picture. Handy…

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