Reportedly cancelled for this year, the boisterous Christmas Eve meat auction at Smithfield usually draws a considerable crowd eager to snag a bargain.
The origins of the tradition, which apparently started at least 30 years ago, stems from the fact that most of the market butchers take at least a week off over Christmas, generally not returning to their stalls until the new year.
As a result, they would auction off their remaining stock on Christmas Eve to those keen enough to brave the cold and come out.
There has been a market at Smithfield since the 12th century – the premises was rebuilt in the mid-19th century after being formally established by the 1860 Metropolitan Meat and Poultry Market Act.