diff --git a/include/pybind11/pytypes.h b/include/pybind11/pytypes.h
index 5e699e53f..fa50eb1e3 100644
--- a/include/pybind11/pytypes.h
+++ b/include/pybind11/pytypes.h
@@ -761,7 +761,7 @@ template <typename T>
 struct arrow_proxy {
     T value;
 
-    arrow_proxy(T &&value) : value(std::move(value)) { }
+    arrow_proxy(T &&value) noexcept : value(std::move(value)) { }
     T *operator->() const { return &value; }
 };