Stanhope is remembered for an anecdote about the fate of the wardrobe of Elizabeth I of England which he recorded in the margin of his copy of Cresacre More, The Life and Death of Sir Thomas More (1642), the book is now in the Folger Shakespeare Library.
The marginalia asserts that George Home, 1st Earl of Dunbar, the new Scottish master of the wardrobe realised £60,000 from the sale of the late queen's clothes, and spent £20,0000 on the house he built at Berwick Castle.
[4] A similar story was recorded by Symonds D'Ewes on 21 January 1620, according to the antiquary Thomas Astle, that King James had given the late queen's wardrobe to the Earl of Dunbar, who had exported it to the Low Countries and sold it for £100,000.
[5] Stanhope's father, Sir John, had a connection with the wardrobe, having been tasked with making an inventory of royal apparel in 1604, and worked in Parliament to forward the Earl of Dunbar's business.
After her first husband Robert Delaval died in 1682, Elizabeth married Henry Hatcher, and in 1688 they joined the court of the exiled James II in France at Saint-Germain-en-Laye.