(6 pages, 2 figures)Pulsar wind nebulae are a prominent class of very high energy (E > 0.1 TeV) Galactic sources. Their Gamma-ray spectra are interpreted as due to inverse Compton scattering of ultrarelativistic electrons on the ambient photons, whereas the X-ray spectra are due to synchrotron emission. We investigate the relation between the Gamma- and-X-ray emission and the pulsars' spin-down luminosity and characteristic age. We find that the distance-independent Gamma- to X-ray flux ratio of the nebulae is inversely proportional to the spin-down luminosity, (\propto \dot{E}^-1.9), while it appears proportional to the characteristic age, (\propto tau_c^2.2), of the parent pulsar. We interpret these results as due to the evolution of the ...