Iconic Swiss watchmaker Richard Mille recently introduced its new RM 12-01 Tourbillon timepiece.

The new timepiece takes inspiration from classic race cars, so the company unveiled it at their third classic car and art event. The annual event is held at The Bridge in Bridgehampton.

The watch’s special movement is based on Richard Mille’s 012 design, which was respected enough to earn the Grand Prix de l’Horlogerie de Genève’s highest award. The RM 12-01 allows a view of the next iteration of the movement via the watch’s sapphire crystal case.

The shape and structure of the watch’s baseplate also comes from the RM 012, but the similarities end when it comes to the baseplate’s design; Richard Mille designed the baseplate crafted specifically to look like race car chassis.

Richard Mille’s RM 12-01 is available with four case options, including red quartz TPT, black carbon TPT, gold TPT, and carbon TPT. Interested collectors with $838,000 should act quickly; only 18 examples of each design were created.