It had been estimated to reach between 3,000 pounds and 5,000 pounds.
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Also in the auction is the blue woollen suit she wore when she delivered the famous “no, no, no” speech in parliament against greater central control in Europe 25 years ago.
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Nearly as successful was a Kaiser bisque model of an American bald eagle by Gerd Pitterkoff, which was gifted to the former prime minister with best wishes from president of the United States, Ronald Reagan.
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The auction also included her ministerial red box which fetched £242,500.
Kicking off the sale, Jussi Pylkkanen, the auctioneer and global president of Christie’s worldwide, told the auction house that he expected “a lot of bidding today, a lot of competition both online and here live in the room”.
A personal note from Reagan, wishing Lady Thatcher’s husband Sir Denis a happy birthday, went for £32,500, statue of Sir Winston Churchill and his wife sold for £43,750 and a diamond brooch in the shape of a bird realised £50,000.
The box, in which the late Conservative leader would carry confidential documents, is one of the most iconic of around 200 of Thatcher’s personal belongings offered for sale by Christie’s.
Some felt the collection should go on public display, and British media reported that London’s Victoria and Albert Museum had turned it down.
The original estimate for the two-part sale was £500,000, with a second, online auction still ongoing until Wednesday.
The sale of items – including her dispatch box and an array of power suits – took place 25 years after Thatcher left office and in the year when she would have celebrated her 90th birthday.
She died in 2013 at the age of 87.
A signed copy of the speech Thatcher made on becoming Britain’s first female prime minister in May 1979 – declaring “Where there is discord may we bring harmony” – sold for 37,500 pounds ($56,460).
“When she became the first woman prime minister she used clothes as a way of emphasising her power”.
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The final lot in the sale is Lady Thatcher’s red wool and ermine robes from the House of Lords, expected to fetch up to £1,800.
