Baselworld, the biggest watch event of the year, is happening now at the Messe Basel in Basel, Switzerland. We’ve got a team on the ground, there to bring you the most exciting releases. Follow our coverage here, and also be sure to check out Instagram. We’ll be posting to our feed throughout the week.

Verdict: Patek is known for its precious metal dress watches and high-complication watches, but the brand does have something of a sporty side with its Nautilus and Aquanaut lines. The 5968A we see here is the latter, and for the first time, the brand is giving the watch a chronograph movement. This being Patek, though, it’s no ordinary chronograph: in addition to the sublime finishing, it features a column wheel (for smooth engagement) as well as a “virtually friction-free” vertical disc clutch.

The black, etched-out dial is accented by a pair of orange chronograph second and minute hands, and the watch comes with both black and orange straps. It’s an almost ’70s-inspired look, a total departure from the brand’s generally classical aesthetic. Groovy.

Who It’s For: Given that, this seems to be an instance of Patek trying to reach a newer, younger audience (albeit one populated by individuals who can drop $40,000 on a watch like it’s no big deal). Basically, if you want something like an Audemars Piguet Royal Oak or Vacheron Constantin Overseas, this is something to consider.

Key Features: Chronograph function. Stainless steel case. Water-resistant to 120 meters.

Size: 42.2mm diameter, 11.9mm thick

Movement: Patek Philippe CH 28-520 automatic chronograph

Release Date: TBD

Price: ~$40,800 (38,600 CHF)