A pickpocket in Ibiza stole an RM 50-03 Tourbillon Split Seconds Chronograph Ultralight McLaren F1 watch, worth about $1.3 million from Azerbaijani tourist.
The man was walking along the seafront with a friend when the thief approached him, shoved him several times and injured him as he swiped the watch off his arm.
The stolen watch is one of only 75 editions of the model, which Richard Mille originally issued in 2017.
Inspired by the McLaren F1 cars, the watch weighs only 38 grams with the strap included and is made of ultralightweight titanium, Carbon TPT, and Graph TPT, a material six times lighter than steel and 200 times stronger that was first introduced with the watch’s release.
The thief will not be happy because the watch’s very rarity will make the piece a hard to sell.
James Lamdin, the founder of vintage watch dealer Analog/Shift LLC, says the thief probably didn’t realize the watch was limited edition.
Even on the black market, the watch would only fetch a portion of the $1.3 million. “Any of the guys capable of spending that money are going to get one new,” Lamdin says.