Stack's Bowers Galleries has acquired World Banknote Auctions, integrating the leading paper money and world coin expert, Dennis Hengeveld, into its team. This strategic move expands Stack's Bowers Galleries' rare paper money offerings and strengthens its authority in the field, with total auction prices surpassing $7 million in 2023.
Stack's Bowers Galleries Acquires World Banknote Auctions, Bolstering Paper Money Dominance
Costa Mesa, CA - Stack's Bowers Galleries, the numismatic industry's preeminent auctioneer, has further solidified its standing as the global leader in rare paper money with the acquisition of World Banknote Auctions. This strategic move brings renowned numismatist Dennis Hengeveld, founder of World Banknote Auctions, into Stack's Bowers Galleries' esteemed team of specialists.
"Under Dennis's exceptional leadership, World Banknote Auctions has experienced meteoric growth, achieving total auction prices exceeding $7 million in 2023 alone," remarked Brian Kendrella, President of Stack's Bowers Galleries. "Our acquisition of World Banknote Auctions and the invaluable addition of Dennis to our team are testaments to our unwavering commitment to the rare paper money category. Not only will we expand our offerings of exceptional notes for auction, but we also welcome aboard one of the world's foremost paper money authorities and numismatic entrepreneurs, further enhancing our roster of distinguished experts."
Dennis Hengeveld, President of World Banknote Auctions, expressed his enthusiasm for the union: "I am honored to join forces with Stack's Bowers Galleries and contribute my expertise in banknote collecting to their esteemed brand. Together, we will continue to present collectors with access to the finest paper money from around the world, while upholding the unparalleled standards of integrity and professionalism that Stack's Bowers Galleries is renowned for."
Stack's Bowers Galleries' Director of World Currency, Aris Maragoudakis, remarked on the transformative impact of this acquisition: "In just three years, our banknote offerings have nearly tripled. With the addition of Dennis and World Banknote Auctions, I anticipate our rapid growth trajectory to continue. Collectors will benefit from expanded access to rare currency and unparalleled expertise, solidifying our position as the premier auction house for high-end numismatic material."
All consignments currently received by World Banknote Auctions will be offered in forthcoming Stack's Bowers Galleries auctions. Dennis Hengeveld will operate from Stack's Bowers Galleries' new Sacramento, California offices and can be reached at Dennis@StacksBowers.com.
This acquisition follows the recent announcement of Stack's Bowers Galleries' sale of the L. E. Bruun Collection, featuring an exceptional Scandinavian banknote collection and one of the most extraordinary world coin collections in existence. The banknote department will further showcase notable collections from Eric Agnew, Al Kugel, John E. Sandrock, and others in 2024.
Collectors and consignors interested in Stack's Bowers Galleries auctions are encouraged to contact the firm at 800-458-4646 or Info@StacksBowers.com for further information.
