An unusual auction is taking place at Christie’s in London today. Princess Margaret’s jewels and other possessions are being sold on the order of her son, Lord Linley, and daughter, Sarah Chatto.

It’s understood that the sale is to meet some of the crippling death duties of £7.6 million ($14m). Nevertheless, public comment has been so tart that the Queen has apparently insisted part of the proceeds should go to charity.

English Heritage, a body responsible for the care of Kensington Palace where the Princess lived, has also expressed concern that items have been taken for the sale which didn’t belong personally to the Princess, but to the Crown Estates, which are administered by the Government.

An event of this sort would be expected to attract a high-society crowd of bidders, anxious to adopt the mantle of Royalty. This time, however, a wave of “new money” is expected to join the throng. It seems that the Princess has become a style icon again, ensuring a good turnout from the trendy set. Fashion experts are claiming that her vogue will continue through the coming winter, according to leaks from fashion houses.

Social historians are saying that two opposite traits made Margaret the magnetic personality she was: on the one hand she was elegant, aristocratic and sophisticated, while, on the other, rebellious, gritty and down-to earth.

Whether her chattels will be easily disposed of is another matter.

For details of the auction call 020 7839 9060 or email info@christies.com.