Noonans Mayfair Explained

Noonans Mayfair
Former Name:Dix Noonan Webb
Founded:1990
Location:16 Bolton Street, London
Key People:Pierce Noonan (CEO)

Noonans Mayfair, formerly Dix Noonan Webb, is an auction house based in London. It specialises in coins, medals, jewellery and paper money.[1] Since being established, the firm has sold over 400,000 lots.[2]

Noonans was established in 1990 as Buckland Dix and Wood. The name was changed to Dix Noonan Webb in 1996 and to its present name in 2022.[3] It holds regular traditional auctions throughout the year.[4] As of March 2022, the founders are CEO and chairman Pierce Noonan,[5] deputy chairman and managing director Nimrod Dix,[6] and director of numismatics Christopher Webb.[7] [8] Frances Noble heads the jewellery department.

Matthew Richardson, curator of social history at Manx National Heritage, suggests that the company are "Britain's foremost auctioneers of military medals".[9] In 2010, The Independent called the firm "a prominent London auction house, specialising in militaria".[10] Noonans is the largest numismatics auctioneer in London; it had £11.7m of total hammer sales in 2018.[11]

In September 2019, it increased its buyer's premium to 24%, becoming the first UK numismatics auctioneer to go above 20%. During the 2020 COVID-19 lockdown, the company donated 5% of all buyer's premiums to the NHS Charities Together Covid-19 Appeal for a total of £24,879.[12] [13] The firm experienced a record level of website traffic during the COVID lockdown; according to the CEO, "people were stuck at home with little else to spend their money on."[14]

Noonans Mayfair is mentioned in Jeffrey Archer's 2019 novel Nothing Ventured, in which a character is encouraged to visit the firm because they are specialists in Spanish cob coins.[15]

SAS medal controversy

In March 1997, the firm auctioned nearly 50 lots of Special Air Service medals and related memorabilia, raising more than £63,000. Pierce Noonan told the Birmingham Post, "Never before have so many awards to members of the SAS been offered to the public at once".[16] But four medals were withdrawn when police said the wife of former sergeant major Mel "Taff" Townsend got a court injunction to halt the auction, identifying the medals as having been stolen in the 1988 burglary of their family home in Kent.[17] An investigation revealed the medals had been sold multiple times by other reputable dealers before finally coming possession by the collector, and were held by the auction house pending the determination of the rightful owner. In June 1998, after a 14-month legal battle, Townsend recovered his medals, which Dix Noonan Webb had estimated would have sold for £20,000 at auction.[18] Townsend later sold his medals in 2009, through Spink & Son.[19] [20]

Herefordshire hoard controversy

In June 2015, two metal detectorists George Powell and Layton Davies discovered a hoard of 300 Viking era coins and jewellery.[21] Under the stipulations of the Treasure Act 1996, they should have reported the find within 14 days of discovery. They failed to do so, instead electing to sell them illicitly on the black market.[22] One such beneficiary of this practice was Simon Wicks, an antiquities and coin dealer in Sussex.[23] At a hastily arranged meeting at Cobham Services on the M25, Powell met Wicks hoping to sell him a gold ring, an orb and a bracelet now identified as from the trove.

Wicks attests that no coins were produced or bought at this meeting, but one week later he visited Noonans with a parcel of seven coins supposedly acquired by him from a West Country collector in the 1990s, but never photographed or documented. Later, Wicks produced another nine coins at Noonans, supposedly also from his collection with a letter purporting to confirm their ownership by Powell's family before he acquired them. Noonans valued these sixteen coins at £400,000, and arranged for their safe storage. Wicks later told The Sunday Times, "If I knew them coins were stolen, why the hell would I take them to the likes of Noonans...the most reputable coins dealer in the UK?". The coins were confiscated by West Mercia Police, and used in the 2019 trial of the three men. Powell was sentenced to 10 years imprisonment, Davies 8.5 years and Wicks 5 years for assisting in the concealment of the find.[24] The finders were later subject to a further confiscation order of over £600,000 each.[25]

Recent auction highlights

Among the items that Noonans have recently sold at auction are:

Notes and References

  1. News: Meyerowitz . Anya . Dix Noonan Webb to hold a special banknote auction featuring 500 portraits of The Queen to celebrate the Platinum Jubilee . 13 July 2022 . . 5 April 2022.
  2. Web site: 7 August 2022 . Lot Archive . Noonans Mayfair.
  3. Web site: Our History . Noonans Mayfair . 13 July 2022.
  4. Web site: "Past Catalogues" . Noonans Mayfair . 7 August 2022.
  5. Web site: Douglas . Alex . 6 April 2022 . Dix Noonan Webb strengthens global branding and shortens name to Noonans . 13 July 2022 . Professional Jeweller.
  6. Web site: Dix Noonan Webb rebrands as Noonans. . https://web.archive.org/web/20220730225619/https://www.antiquestradegazette.com/print-edition/2022/april/2537/news/dix-noonan-webb-rebrands-as-noonans/. 30 July 2022. 30 July 2022.
  7. Web site: Racing memorabilia under the hammer . 2022-07-30 . York Press . en.
  8. Web site: Irish Coins, Tokens and Historical Medals (3 Mar 22) by Noonans (formerly Dix Noonan Webb) - Issuu . 2022-07-30 . issuu.com . en.
  9. Book: Richardson . Matthew . Deeds of Heroes: The Story of the Distinguished Conduct Medal, 1854–1993 . 2012 . . xv . 9781781598047 . 14 July 2022.
  10. Web site: Milmo . Cahal . July 22, 2010 . The Hero, His Widow, and a Row Over His George Cross . 2022-07-29 . Newspapers.com . The Independent . 13 . en.
  11. Web site: Arkell . Roland . Buyer's premium rise for leading UK coin auctioneer . . 30 July 2022 . https://web.archive.org/web/20200809020111/https://www.antiquestradegazette.com/news/2019/buyer-s-premium-rise-for-leading-uk-coin-auctioneer/ . 9 August 2020 . 29 July 2019.
  12. News: Friedberg . Arthur L. . Rare £1,000,000 Bank of England Treasury note is in sale . 27 July 2022 . . 27 April 2020.
  13. News: Rare 17th century Ulster penny sold at auction for record £6,200 . 27 July 2022 . . 27 May 2020.
  14. News: Technology to breathe life into art auction market . 30 July 2022 . The Peak Magazine . 13 April 2020.
  15. Book: Archer . Jeffrey . Jeffrey Archer . Nothing Ventured . 2019 . . 137 . 9781250200778 . 29 July 2022.
  16. Web site: 26 Mar 1997, 5 - The Birmingham Post at Newspapers.com . 2022-07-30 . Newspapers.com . en.
  17. Web site: 25 Mar 1997, 4 - The Birmingham Post at Newspapers.com . 2022-07-30 . Newspapers.com . en.
  18. Web site: 2 Jun 1998, 10 - The Daily Telegraph at Newspapers.com . 2022-07-30 . Newspapers.com . en.
  19. Web site: Auction: 9033 - Orders, Decorations, Campaign Medals & Militaria . . 30 July 2022.
  20. News: Military medals sold for £120,000 . 30 July 2022 . . 19 November 2009.
  21. News: 2019-11-21 . Detectorists stole Viking hoard that 'rewrites history' . 2024-02-09 . BBC News . en-GB.
  22. News: Morris . Steven . 2019-11-21 . Detectorists hid find that rewrites Anglo-Saxon history . 2024-02-09 . The Guardian . en-GB . 0261-3077.
  23. News: Smith . David James . 2024-02-09 . How two detectorists found a £10m hoard — and ended up in prison . 2024-02-09 . en . 0140-0460.
  24. Web site: 2022-12-28 . Detectorists who stole £3m worth of buried treasure ordered to repay £1.2m . 2024-02-11 . The Independent . en.
  25. Web site: Bates . Isabelle . 2022-12-23 . Treasure hunters ordered to pay £1.2m after hiding £3.2m Anglo-Saxon hoard . 2024-02-11 . Birmingham Live . en.
  26. News: Roberts . Joe . Iconic bracelet worn by Princess Margaret sells for £400,000 . 14 July 2022 . . 15 September 2021.
  27. News: Rare Charles I coin minted in Oxford fetches £54,560 at auction . 27 July 2022 . . 22 September 2021.
  28. News: Royal Marine sells medals for £150k to help his children . 14 July 2022 . . 8 December 2021.
  29. News: RAF 'poster boy' Peter Parrott's medals sell for £200,000 . 14 July 2022 . . 26 January 2022.
  30. News: Friedberg . Arthur L. . Irish notes excel at Dix Noonan Webb auction in London . 14 July 2022 . . 20 March 2022.
  31. News: Shoaib . Alia . A rare 14th century 'leopard' coin worth $185,000 was found by an amateur metal detectorist in a field. 'I did the gold dance,' he said. . 14 July 2022 . . 12 March 2022.
  32. News: Roman coins found in Pewsey sell for £81k at auction . 13 July 2022 . . 17 May 2022.
  33. News: Victoria Cross awarded to Irishman sells for nearly £1m . 14 September 2022 . . 14 September 2022.
  34. News: Vass . Paul . Smith. Daniel. Victoria Cross awarded to famous 'Siege of Lucknow' hero sells for world record £930k . 12 October 2022 . . 14 September 2022.
  35. Web site: Lot 412, 12 October 2022 . 12 October 2022.

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