The Trossi Leggenda wristwatch, pictured right with its original owner, Count Carlo Felice Trossi, the racing driver who won the 1947 Italian Grand Prix, has sold at auction for a record 2.35 million Swiss francs ($2,157,760).

The large gold Patek Philippe watch owned by the Italian count, who was the president of Scuderia Ferrari and also raced speedboats, reached the highest price for a watch at Sotheby’s, the auction house said.

A gold Rolex from about 1980, known as the Oyster Daytona Paul Newman, sold for SwFr157,000 in the same auction.

The Jaquet Droz Seule Aiguille watch is one of the most distinctively elegant timepieces to debut at Basel this year.

Wear the moon as jewelry and become the centerpiece of the evening. The Masterpiece Phase de Lune Dame is exceptionally elegant with its precious mother-of-pearl dial housed inside a stainless steel case bejeweled with genuine sapphire cabochons.

The sophisticated ML 37 calibre powers the hours, minutes, and seconds as well as day of the week and month off center, and the date from a central hand. For a look of pure luxury, 4 diamonds top the quarter hours, and a bezel of 50 diamonds enshrines your time (Top Wesselton VS, 0.835 ct). Wear the glamour on a genuine ostrich leather strap.
Listed at $7300 on worldlux

Maurice Lacroix just unveiled their stunning Memoire 1 which houses a number of innovations under the Memoire’s sleek watch face.

This is the first mechanical watch with a memory function. Inside the white gold case is a 48 jewel automatic movement, transparent mineral based hour disc, and a chronograph with “mechanical memory” that can remember elapsed times.

For example, you can switch into chrono mode, setting the hands to 12 o’clock and then revert to watch mode and the hands will flit back to their correct position.

It should be with a retail price of £135,000 ($270,000).

The case is in black titanium and sports a protective grill across the sapphire crystal that is meant to offer additional protection to the crystal.

What makes this piece interesting though is the introduction of an anchor in silicon, marking a major milestone for the manufacture and a wholly unanticipated one at that.

The tourbillon carriage ‘sits behind bars’ at the 11 ‘clock position, and makes one revolution per minute.

LVMH, the world’s leading luxury group, announces that it has signed an agreement to acquire the Hublot group, a top of the range watchmaker enjoying very strong growth.

LVMH will acquire Hublot from Mr Carlo Crocco, who founded the group in 1980, and a company controlled by Mr Jean-Claude Biver, who has managed Hublot since 2004.