It's about time: here's the McLaren RM 50-03!

Relentless technical innovation, the quest for perfection, and a perpetual hunger for progress are the common factors that link McLaren-Honda and Richard Mille.

Working together, they have produced a new technical masterpiece offering off-the-charts mechanical performance.

The RM 50-03 Tourbillon Split Seconds Chronograph Ultralight McLaren F1 - take a deep breath after that - weighs less than 40 grams – including its strap – making it the lightest mechanical chronograph ever made!

The name is bad enough so we'll spare you the awesome specs of this exclusive masterpiece which shall be limited to 75 units.

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We'll just say that it is engineered to Formula 1 standards with high-tech materials such as TPT Carbon, titanium as well as an ultra-light resin called Graph TPT.

In keeping with the McLaren theme, the 50-03 employs hollow pushers that resemble the sidepods of the McLaren MP4-31.

Richard Mille has yet to announce the pricing for the RM 50-03 but unless you are a healthy member of the 1% wealth club, you'll need to mortgage your house to buy one!

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Phillip van Osten

Motor racing was a backdrop from the outset in Phillip van Osten's life. Born in Southern California, Phillip grew up with the sights and sounds of fast cars thanks to his father, Dick van Osten, an editor and writer for Auto Speed and Sport and Motor Trend. Phillip's passion for racing grew even more when his family moved to Europe and he became acquainted with the extraordinary world of Grand Prix racing. He was an early contributor to the monthly French F1i Magazine, often providing a historic or business perspective on Formula 1's affairs. In 2012, he co-authored along with fellow journalist Pierre Van Vliet the English-language adaptation of a limited edition book devoted to the great Belgian driver Jacky Ickx. He also authored "The American Legacy in Formula 1", a book which recounts the trials and tribulations of American drivers in Grand Prix racing. Phillip is also a commentator for Belgian broadcaster Be.TV for the US Indycar series.