Also hot at Baselworld 2013 was a limited edition watch by Swiss watchmaker Hublot Genève as a tribute to the recently released LaFerrari.

We are in the world of the exceptional. The MP-05 “LaFerrari” represents a very special series, entirely designed and developed by the Hublot Manufacture engineers and watchmakers in tribute to “LaFerrari”.

In a demonstration and testimony that lives up to the car, it has achieved a historic record with its 50-day power reserve. It is also the watch with the most watch-making components created to date by Hublot (637).

The MP-05 LaFerrari watch features an in-house movement made with 637 components, a tourbillon, and an exceptional 45-day power reserve thanks to its 11 barrels arranged like a spinal column.

The watch has a scratch-resistant sapphire crystal face and also features red aluminium, titanium and carbon fibre in its construction.

Only 50 of the MP-05s are being produced, making the watches rarer than the LaFerrari. The MP-05 LaFerrari timepiece is priced at about $322,000.

Hublot is the current timekeeper for both Ferrari and its racing division Scuderia Ferrari, having inked a five-year deal back in 2011 to become the fourth watch company to have the honour.