“Old bag” Margaret Thatcher drawing among leading lots at Sotheby’s Gerald Scarfe auction

A political cartoon showing the face of Margaret Thatcher emerging from the side of her handbag was one of the top lots at the Sotheby’s London auction of Gerald Scarfe’s drawings this week.

Famous Old Bag was pitched at £2000-3000 but climbed well above its estimate, ultimately taking £21,…

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