This past spring we heard that an upcoming partnership between Google, Intel, and TAG Heuer would result in a high-end Android Wear smartwatch. At that point, the rumors said it would be shipping in October or November and that it would come with a hefty price tag of $1400. Jean-Claude Biver, the CEO of TAG, told CNBC yesterday that the company would be unveiling its new smartwatch at an event on November 9th in New York.

The price of the Carrera 01 will be $1800, which is a bit above what was previously reported. This is by far the most expensive Wear watch to date, with the closest being the $800 Huawei Watch. Biver says that he believes the Carrera 01 will sell just fine at this price point, considering how well the similarly priced Apple Watches have done over the past few months. At this point we know little else about this watch, other than that it will be powered by an Intel chip. If you have a bunch of money to blow on a smartwatch, you only have to wait a little bit longer.

Note: the watch pictured above is not the upcoming smartwatch.