Tourist Has Watch Worth Nearly £1m Stolen On Holiday In Ibiza

Let's park for a minute the idea of buying and owning a watch worth that much, it would still be one hell of a sickener to have it stolen if you did own such a timepiece.

The watch itself is called a Richard Mille 50-03 McLaren F1 and is inspired by Formula One racing. There are only 75 of them in existence.

The thief, who is thought to be in his 30s, made away with the rare and expensive cargo at around 16:30 last Wednesday whilst its owner was walking along a seafront on the Spanish party island.

The 22-year-old tourist was left with injuries to his wrist and arm following the incident. Police said that he immediately reported the theft after it happened.

Well, you would, wouldn't you?

So, what is so special about this watch?

For starters, it is worth about €1,150,000. Oh, and it is also the lightest watch in the world, weighing in at just 40 grams - that's with the strap included, as well.

It's inspired by the McLaren F1 cars and is what's known as a tourbillion. That's a type of watch in which the inside mechanism completes one entire rotation every single minute, thus nullifying the effects of gravity

Exactly why that is important is anyone's guess. It certainly sounds complex, and therefore - presumably - expensive.

On top of that, it's got a load of fancy extras too, like a chronograph that includes incredibly tiny measures of time so that you can accurately record lap times.

It is a car-inspired watch, after all. You'd expect that sort of thing to come as standard. Particularly if you've paid nearly £1m for the privilege.

Other features that the watch has on top of that include things like a 70 hour power reserve and a torsion sensor. That means that at least you won't have to wind it up like you would many other such timepieces.

It's one hell of a bit of kit, in short. The kind of thing that you wouldn't fancy getting nicked straight of your arm.

But, this 22-year-old Azerbaijani tourist ended up seeing exactly that happen to him. It just goes to show, not even the mega-rich are safe when enjoying a lovely walk along the Ibizan seafront.

Wait, that should be especially the mega-rich aren't safe. Most of us don't own massively ostentatious watches.