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One former friend of the princess said today it was ‘too vulgar for words’, adding: ‘It has all the dignity of a royal car boot sale. They might as well have stuck up banners saying ”everything must go”.’Among the items to fetch spectacularly high prices were gifts from years of royal duties, including a brooch presented to her as a young princess fulfilling her first major solo role in 1947. The Queen is understood to have intervened recently to insist that money raised from such ‘royal duty’ gifts should go to charity.The extraordinary sale at Christie’s in London was packed with more than 1,000 bidders in four sweltering rooms, including several ranks of staff assigned to take telephone bids from at least 500 potential customers.Few familiar faces were among them the seriously rich or the embarrassingly famous preferred to send proxy bidders ladies earrings, or to do their business discreetly by phone.That didn’t stop hundreds of punters jostling to secure some of the rarest and most interesting items of jewellery to come on to the market since the Duchess of Windsor’s possessions went under the hammer in the 1980s, and those of Queen Victoria in 1901.Anyone who wondered what the level of interest might be in Margaret’s possessions had only to be in the main auction room at Christie’s yesterday for the first minute.Auctioneer Francois Curiel started the bidding for Lot One a ruby and cultured pearl necklace estimated to fetch about 1,200 at a modest 500.

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