Air Mail: Eric Wind Quoted On The Interest in Neo Vintage Timepieces
Nicholas Foulkes recently wrote for AirMail about the rise in interest for “neo-vintage” timepieces amongst millennials. Within the article, Foulkes quotes Eric Wind.
At 37, Wind is a millennial with an enviable client list of millennials, including N.B.A. player Kevin Love, actor Ronny Chieng, and comedian Jimmy O. Yang. Wind also helped source the Rolex Daytona that was such an important part of the plot of the film Crazy Rich Asians. In other words, he is as sensitive to popular culture as he is to shifts in the watch market.
Taking Patek Philippe’s renowned perpetual-calendar chronograph, the Reference 3970, as an example, Wind can show how dramatic the rises in interest and prices have been. The 3970 was a great watch that remained in production from the mid-80s to the early 21st century and for most of the last 20 years or so has been a sleeper. “About three years ago, I sold a second-series 3970 for $65,000. If I had it today, it would be $150,000. I wish I had held on to it a little longer.” And Wind has seen some examples with “special characteristics,” such as rare dial colors, hitting between $300,000 and $400,000.
“I think part of it is similar to what we see in car collecting, where the old adage is that people want to collect the cars that were on their wall posters as a kid. So, over the last 10 years, you saw 1980s supercars becoming more valuable. It is like that with 1990s watches: people who walked past a Rolex or Patek dealer 25 years ago want to get the watches they aspired to own 25 years ago.”
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