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Propertymark head office is the proud home of a giant circus-themed gavel which was sold as part of the Bidpath Foundation’s Gavel Art Trail and Charity Auction in November 2025. The Foundation was set up in honour of Bidpath colleague and NAVA Propertymark Advisory Panel member George Wade following his brain tumour diagnosis in 2024. It aims to raise funds for underrepresented causes through community-led auction initiatives.
A post-legislative review of the Ivory Act 2018 has been published by the UK Government, examining how the ban on dealing in ivory is operating and whether further changes are required. Selling, hiring, exporting, or commercial ivory dealing will continue to be prohibited, except in limited circumstances such as certain musical instruments, portrait miniatures, and items of outstanding artistic value.
The Q3 2025 Propertymark Auctions Barometer reveals a confident auction market despite wider economic uncertainty, with rising lot numbers and strong reserve-price performance. The industry awaits potential policy changes in the Autumn Budget, auctioneers remain optimistic heading into 2026, encouraged by steady demand, evolving technology, and expectations of improving affordability.
Auctions remained resilient this quarter, with 81% of lots achieving or exceeding the reserve price, increased stock levels, persistent 3.6% inflation and a 4.25% base rate. Growth in online participation and steady demand signal continued market strength heading into H2 2025.