Financial Times: Eric Wind Quoted on The Watch Market

Kate Youde recently wrote for Financial Times ‘Collectors’ ‘moment of discovery’ drives up watch auction prices’. Within the article, Eric Wind is quoted on important and rare timepieces.

The "poster child... for the market being on fire" as Palm Beach-based watch dealer Eric Wind puts it, is the independent watchmaker FP Journe. Phillips sold a rare pink gold and platinum Chronomètre à Résonance "Souscription, No 007" (c2000) for $13,922,000 last month, an auction record for this brand or any other independent watchmaker. Half of the top 10 lots in that New York sale, which achieved a record total for a watch auction in the US, were FP Journe pieces.

Wind, owner of Wind Vintage, has "never seen the watch market hotter" for vintage and special independent pieces. "The caveat is, people are looking for exceptional watches," he says, "and I don't feel like it's an incredibly deep market in terms of buyers." He says top buyers with unlimited resources have "never been hungrier for excellent watches", with some collectors pivoting to watches from other categories.

https://www.ft.com/content/761190af-12f2-482e-8106-b96b569f8553