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the problem you'll have is that a lot of great brands went bust in the mid 70's due to the oil crisis and the huge shift to quartz movements. So buying a '79 dress(ier) watch is going to be a little tricky as there wasn't much about.
Perhaps a Longines or Omega Geneve might fit the budget? Otherwise there're plenty of lovely watches in your budget from the early 60's if you don't want a '79 manufacture date. I'd start with a Tudor oyster date
Edit: haha exactly what @inchpincher already said :)
freddo
It's my 40th birthday this year and I'll be looking to get a watch, budget around £500-1,000. Choices are either something vintage from my birth year or something new.
Although I like the idea of a 1979 watch, factors against it are that I'm not sure if I'm knowledgable to pick out something that's good value that is that old (particularly as I imagine there's a price bump with it being the 40th year) and I don't think many of the watches in that price band are ones where the year of manufacture can be told with certainty.
For a new watch I'd prefer something a bit classic, an established brand rather than a modern boutique one, and dressier rather than tool watch. A hand-wound Max Bill is probably leading at the moment.
Any thoughts on either of the above points, either old watches or new ones?