HODINKEE: Eric Wind Quoted On The Watch Auction Market

HODINKEE Brand Editor Logan Baker recently spoke with auction-world and watch-industry experts about the New York June auction season. Within the article Baker quoted Eric Wind about his overall impression of the current state of the auction industry.

"I have three words for you: condition, condition, condition. Any great condition watch. With Rolex, for example, we're seeing great unpolished 34mm and 36mm Oyster Perpetuals, Datejusts, Oyster Dates around. Any unpolished, great-condition vintage Rolex you can find under $10,000 is great. Breitling, too. Chronomats and other watches can be found for well under $10,000. Zenith is having a bit of a moment. Vintage Zeniths are really excellent; El Primero chronographs, pre-El Primero chronographs, and time-only pieces. Everyone wants a vintage Zenith caliber 135 now, of course. Any great-condition vintage Heuer; there are so many under $10,000; you can even find some chronographs for under $5,000. That's where I see great value and get excited. Oh, and also Vulcain Crickets."

Commenting on the fall auction season, Wind stated:

"I'm not too concerned [about a recession], but I am certainly being cautious. Watches are obviously not a necessity of life, although I sometimes feel like they are. In general, I think people that are passionate about watches remain committed, as we saw in New York; they're not necessarily worried about the price of gasoline. For me [at Wind Vintage], I'm not focused on the run-of-the-mill average stuff. I focus on top quality, best-in-class condition pieces. There's a lot of people that want those and very few of those pieces in existence. There's a really deep market of people for those kinds of things. I think a polished Submariner or GMT-Master might come down more than an unpolished, very mint example."

Read the article below:

https://www.hodinkee.com/articles/watch-auction-spring-2022-recession-correction-prices