The Formula 1 Season Had a Surprising Start. Here’s What to Expect for the Rest of 2026.

With all-new regulations, the cars are smaller, lighter, and more agile, yet have left drivers polarized after the first race.

By Brad Spurgeon 18/03/2026

To the casual, outside observer, the revamped Formula 1 racing season for 2026, which began in Melbourne two weeks ago, might appear to be the same old, same old. The cars still have wings, roll hoops, open wheels, and thick slick tyres; they continue to vaguely resemble the world’s fastest-moving lobsters.

And with the team that finished the event in first and second—Mercedes, with its drivers George Russell and Andrea Kimi Antonelli—being the same outfit that classified second in last year’s Constructors’ Championship as well as having dominated the inaugural race of the previous massive regulation change in 2014, it might feel like déjà vu all over again.

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The start of the Australian Grand Prix, the first race of the 2026 Formula 1 season.
The start of the Australian Grand Prix, the first race of the 2026 Formula 1 season.Paul Crock / AFP via Getty Images

Yet when the leading driver of the 2020s, Max Verstappen, crashes out in the first Qualifying session in his Red Bull and starts the Australian Grand Prix in 20th position, the local star Oscar Piastri destroys his McLaren on the way to the starting grid, and his teammate, the reigning world champion Lando Norris finishes only fifth, something has clearly changed at the pinnacle of auto racing.

The transformation was proven emphatically when Mercedes’ Russell and Ferrari’s Charles Leclerc traded the lead seven times in the first 10 laps. That early duel confirmed that Formula 1’s latest technical revolution—arguably its biggest ever—has reshaped the racing itself. Not surprisingly, the drivers who struggled most are the least enthusiastic.

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The drivers of the 2026 Formula 1 season prepare for a group photo prior to the Australian Grand Prix.
The drivers of the 2026 Formula 1 season prepare for a group photo before the Australian Grand Prix. Jayce Illman/Getty Images

“I’m not enjoying it at all,” Verstappen said before fighting back from 20th to finish sixth. “It’s completely empty.” Criticism also came from Norris, Lewis Hamilton, and others, while Verstappen even suggested after the race that the rules need changing again. Russell, however, sounded very different over the radio after claiming the sixth victory of his career. “Very nice, very nice: I like this car. I like this engine,” the Briton said, adding to his team: “Very well deserved for all the efforts.”

What the opening race confirmed unequivocally is that Formula 1’s already complex cars have become harder than ever before to drive—and thereby more unpredictable to watch. “You’re going to see so many mistakes this year,” said former driver and commentator Martin Brundle on Sky Sports UK before the race. The Melbourne contest, in what is a likely preview of the entire season to come, as well as the intention of the new rules, delivered exactly that: a race packed with overtaking and incidents despite the absence of rain—the usual catalyst for chaos in the series.

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Red Bull's Max Verstappen careens across the gravel after the rear of his car locks up during Qualifying for Formula 1's 2026 Australian Grand Prix.
Red Bull’s Max Verstappen careens across the gravel after the rear of his car locks up during Qualifying for the first race of the season. Getty Images/Getty Images

Visually, to the more discerning fans, the new cars are smaller, lighter, and more agile. The maximum wheelbase has been reduced by 200 mm  to 3.4 metres, the overall width has been reduced by 100 mm to 1.9 metres, and the minimum weight drops by 30 kg to 768 kg. The tyres are narrower as well.

The aim is to make the cars more responsive—machines that “dance” through corners rather than lumber through them—and to improve racing on the tighter circuits. (Think Monaco.) Aerodynamically, the changes are just as dramatic. The ground-effect tunnels that defined the 2022 through 2025 era (that Red Bull’s Verstappen dominated, while Mercedes mostly struggled) have disappeared, replaced by flatter floors and larger diffusers. Downforce has dropped by roughly 30 percent and drag by around 55 percent, encouraging closer racing and more overtaking.

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Formula 1 rookie Arvid Lindblad, of the Racing Bulls team, makes his way around the Albert Park Grand Prix Circuit during Formula 1's 2026 Australian Grand Prix.
Formula 1 rookie Arvid Lindblad, of the Racing Bulls team, makes his way around the Albert Park Grand Prix Circuit, eventually finishing in eighth place. Rudy Carezzevoli/Getty Images

Front and rear wings are simplified, and the sport’s controversial Drag Reduction System (DRS)—long considered to create artificial overtaking—has been abolished. In its place comes active aerodynamics. Drivers can flatten their wings on straights to reduce drag and increase speed, while keeping them closed through corners for maximum grip.

To help overtaking opportunities, however, Formula 1 has now also introduced an energy based “Overtake Mode.” When within one second of a rival at a detection point, a driver gains access to additional electrical deployment—up to 350 kW—giving them a temporary performance advantage. Drivers can also deploy maximum battery power anywhere on the lap if enough energy remains. The result is a far more complex strategic environment.

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Kimi Antonelli of Mercedes-AMG Petronas and Lewis Hamilton of Ferrari are all smiles during the drivers parade before the start of Formula 1's 2026 Australian Grand Prix.
Kimi Antonelli, of Mercedes-AMG Petronas, and Ferrari’s Lewis Hamilton are all smiles during the drivers parade before the start of the race. Anni Graf – Formula 1/Formula 1 via Getty Images

“The closing speeds are going to be a big issue this year,” Brundle said. “One driver might be harvesting energy while another is deploying everything—the closing speeds are going to be scary.” During the Melbourne race, they often were, especially when Russell surged towards Leclerc at one point during those opening laps and the two cars came close to touching.

Under the bodywork, the power units have also changed dramatically. The 1.6-litre turbo V-6 remains, but combustion output drops from roughly 550 kW to 400 kW while electrical power rises to about 350 kW—creating closer to a 50/50 split between gas and electric propulsion.

Energy management by the driver has therefore become central to performance. They now harvest electricity through braking, lifting early before corners, partial throttle running, or a controversial method called “super-clipping,” where the hybrid system absorbs power from the engine even at full throttle.

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The Audi team's Gabriel Bortoleto on his way to finishing ninth overall at Formula 1's 2026 Australian Grand Prix.
The Audi team’s Gabriel Bortoleto on his way to finishing ninth overall. Joe Portlock/Getty Images

Despite the criticism from some drivers, the system still rewards pure driving skill, according to former Formula 1 driver and analyst Anthony Davidson. “The driver is still flat out,” Davidson said. “It’s the system that changes around them.” And it takes getting used to. After the race, Piastri stated that while part of the error going to the grid came from his own judgment, he also noted that he was kicked by “about 100 kW extra power that I didn’t expect.”

Other than the technology, the most visible change this year is the expansion to 11 teams—the first time since 2016. The newcomer is Cadillac, marking the U.S. carmaker’s debut in Formula 1. Powered initially by Ferrari engines, the team plans to introduce its own General Motors power unit in 2029. Only the Cadillac of Sergio Pérez reached the finish in Melbourne, in 16th place, while teammate Valtteri Bottas had to retire from the race.

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Cadillac's Valtteri Bottas exits his car after it had to be retired from Formula 1's 2026 Australian Grand Prix.
Cadillac’s Valtteri Bottas exits his car after it had to be retired from the race. Peter Fox/Getty Images

Audi also arrives as a full works constructor after taking over Sauber. Its Brazilian driver Gabriel Bortoleto finished ninth to score points in the team’s debut race. Ford returns to the sport through a partnership with Red Bull Powertrains, while Honda begins a new exclusive engine partnership with Aston Martin.

The race weekend itself began with logistical complications, as the conflict in the Gulf happened just as team personnel and some freight were scheduled to fly through the region on the way to Australia, causing the series to book charter flights for staff. Formula 1 officials warned that if next month’s races in Bahrain and Saudi Arabia are cancelled, they will not be replaced, potentially reducing the calendar to 22 events.

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Mercedes-AMG Petronas driver George Russell, winner of Formula 1's 2026 Australian Grand Prix, is showered with Champagne by Ferrari's Charles Leclerc.
Mercedes-AMG Petronas driver George Russell, winner of the 2026 Australian Grand Prix, is showered with Champagne by Ferrari’s Charles Leclerc. Anni Graf – Formula 1/Formula 1 via Getty Images

Despite finishing the first race behind the Mercedes drivers, Ferrari’s Leclerc and Hamilton showed encouraging pace. Waiting before the podium ceremony, Russell told Leclerc that the Ferraris looked quick. Leclerc responded only with a wry smile.

“For the sport, this was a very good race,” stated Ferrari team director Frédéric Vasseur. “There were some pessimistic comments about this new Formula 1 going into the season and I think today’s race start, and then the first 10 laps were the most exciting we have witnessed in the past 10 years—and not just because we were in front.” Yes, most certainly not.

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Omega Just Unveiled 9 Watches in Its New Constellation Observatory Collection

The line-up shows up a bevy of metals and colours, too, as well as two new calibres.

By Nicole Hoey 31/03/2026

Omega’s latest watch is in a universe of its own.

The Swiss watchmaker just unveiled its new Constellation Observatory Collection today, the next step in its Constellation lineage and the first two-hand hour and minute timepieces to ever earn Master Chronometer certification. And if you were paying attention to any of the dazzling watches spotted at the Oscars this year, you would’ve caught a glimpse of the new line already: Sinners star Delroy Lindo rocked one of the models on the Academy Awards red carpet, giving us a pre-release preview of the collection.

Developed at Omega’s new Laboratoire de Précision (its chronometer testing lab open to all brands), the collection houses a set of nine 39.4 mm watches. The watches underwent 25 days of scrutiny there, analysed via a new acoustic testing method that recorded every sound emitted from the timepiece to track irregularities, temperature sensitivities, and more in the name of all things precision. (Details such as water resistance and power reserve are also thoroughly examined.) This meticulous process is all in the name of snagging that Master Chronometer label, meaning that the timepiece is highly accurate and surpasses the threshold for ultra-high performance. The Constellation Observatory Collection has now changed the game, though, thanks to its lack of a seconds hand.

A watch from the Constellation Observatory Collection, with the Observatory dome on display. Omega

“Until now, precision certification has required a seconds hand,” Raynald Aeschlimann, president and CEO of OMEGA, said in a press statement. “The development of a new acoustic testing methodology has made that requirement obsolete. It is this breakthrough that has enabled us to present the Constellation Observatory, the first two-hand watch to achieve Master Chronometer certification.”

In addition to notching its place in history, the collection also debuted a new pair of movements: the Calibre 8915 and the Calibre 8914, each perched on a skeletonised rotor base. The former’s Grand Luxe iteration will appear on the 950 Platinum-Gold model in the collection, which offers up that base in 18-karat Sedna Gold alongside a Constellation medallion in 18-karat white gold with an Observatory dome done in white opal enamel surrounded by stars. The second Calibre 8915, the Luxe, will find its home on the other precious-metal models in the line, either made with the brand’s 18-karat Sedna, Moonshine, or Canopus gold seen across the case, the hand-guilloché dial, and, of course, the movement itself. (Lindo chose to rock the Moonshine Gold on Moonshine Gold iteration, priced at approximately $86,000, for Sinners‘s big night at the Oscars.) As for the Calibre 8914, it can be found in the collection’s four steel models.

 

Omega Constellation Observatory Collection
A look at a gold case-back from the collection. Omega

Each model is a callback to myriad design features on past Omega models. That two-hand dial, for one, comes from the 1948 Centenary (the brand’s first chronometer-certified automatic wristwatch), while the pie-pan dial (seen in various blue, green, and golden hues throughout the line) and that Constellation medallion caseback both appear on watches from 1952. The star adorning the space above 6 o’clock also harks back to 1950s timepieces from Omega. And to finish off the look, you can opt for alligator straps in a variety of colours, or perhaps a gold iteration to match the precious-metal models; the brick-like pattern on the 18-karat Moonshine bracelet was also inspired by Omega watches from the ’50s.

We’ll have to keep our eyes peeled for any other Constellation Observatory timepieces (or any other unreleased models from the brand) at the rest of the star-studded events headed our way this year—perhaps the Met Gala?

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Inside Loro Piana’s First Sydney Boutique

A first Australian address brings the Italian house’s textile-led approach to retail full circle.

By Horacio Silva 26/03/2026

On the fourth floor of Westfield Sydney, near the Castlereagh and Market Street entrance—in the space formerly occupied by Chanel—Loro Piana has opened its first Australian boutique. It is a significant address change for that corner of the mall, and a meaningful one for the Italian house, which has sourced Australian merino wool for decades but until now had no retail presence here.

The facade is understated—creamy, tactile, more about texture than theatre. Inside, the store unfolds across a single, expansive level divided into distinct men’s and women’s wings. The separation is clear without being heavy-handed: womenswear leads from soft accessories and leather goods into ready-to-wear, while menswear occupies its own assured territory, with tailoring and outerwear given proper breathing room. Footwear (supple loafers, luxurious slides, pared-back sneakers) is particularly strong, and the sunglasses are a quiet standout: mineral-toned frames with a disciplined elegance that feels entirely of the house.

That same restraint carries into the interiors, where the surfaces do much of the talking. Walls are wrapped in the company’s own linen and cashmere; carpets are custom, dense underfoot, softening the acoustics and the pace. Oak and carabottino wood add warmth without fuss; marble accents introduce a cool counterpoint. The effect is a composed space calibrated around material, proportion and restraint.

The Spring 2026 collection now in store underscores that sensibility. Silhouettes are elongated and fluid; cashmere, silk and featherweight merino move in sandy neutrals, creams and muddied earth tones, with flashes of marigold and pale turquoise breaking the calm. Tailoring is softly structured and projects confidence without aggression. Leather goods arrive in buttery skins that feel almost pre-lived, as though time has already worked its magic.

What distinguishes Loro Piana, particularly in a market that has grown noisier by the season, is its refusal to perform luxury in an obvious register. There are no oversized insignias telegraphing allegiance. Instead, the status is encoded in fibre count, in hand-feel, in how a coat hangs from the shoulder. It assumes the wearer knows and, crucially, does not need to announce it.

Sydney’s luxury landscape has matured in recent years; global houses no longer test the waters but commit to them. Yet Loro Piana’s arrival feels different. It is not trend-driven expansion but material logic. For a country whose sheep stations have long contributed to the house’s fabric story, this boutique reads almost as a thank-you note written in cashmere.

 

Photography: Courtesy of Loro Piana.

 

 

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This Stylish, Water-Resistant Dopp Kit Might Be the Last One You Ever Buy

Patricks’s limited-edition wash bag is designed to keep liquids in and out, so it can come along wherever your travels take you.

By Justin Fenner 11/03/2026

If all you’re going to do is look at it, a leather Dopp kit from a fashion house is a fine choice. But if you take travelling seriously—and do it often, for business, pleasure, or both—such a bag will inevitably end up blemished with droplets of water or stained by errant flecks of toothpaste. Get stuck with a cavalier team of baggage handlers, and it can even get soaked in your favourite fragrance or anti-ageing serum.

But Patricks, the high-performance Australian grooming brand stocked in Harrods and Bergdorf Goodman, has a solution. Its limited-edition bathroom bag, called BB1, is purpose-built to protect everything inside and out. Conceived by industrial designer George Cunningham with brand founder Patrick Kidd, the cuboid design is executed in a water-resistant recycled nylon you can rinse clean. It’s lined with a thin layer of shock-absorbing foam to safeguard your products, but if a bottle somehow gets cracked in transit, the two-way water-resistant zippers and sealed seams (which keep liquids from seeping in or out) ensure that whatever leaks won’t ruin your cashmere. Inside, two dual-sided zippered compartments are ideally sized to fit toothbrushes, razors, and other small essentials.

And though its clean lines and rugged construction make it undeniably masculine, its greatest feature is borrowed from women’s makeup bags. Like the best of these, BB1 unzips to lie flat, giving you unobstructed access to everything inside. Well, you and the 999 other gentlemen who move fast enough to snag one. $289

Courtesy of Patricks

1. Hanging Loop 

The G-hook system isn’t just a stylish handle: You can also use it to hang the bag from a hook or secure it to your carry-on.

2. Two-Way Zipper

The closures are water-resistant in both directions, meaning liquids won’t get in or out.

3. Fold-flat Construction

BB1 opens to 180 degrees, letting you scan its 4.2-litre capacity at a quick glance.

4. Technical-Fabric Shell

The durable recycled-nylon is easy to maintain and woven to survive splashes and leaks from your go-to products.

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You Can Now Place Bets on the Future Prices of Rolex Models

And which models will get discontinued next, thanks to a new collaboration between Kalshi and Bezel.

By Nicole Hoey 11/03/2026

You can bet on pretty much anything these days, from when Taylor Swift and Travis Kelce will get married to who will be the next James Bond—and now that includes the Rollies on your wrist, or on your wishlist.

Prediction market platform Kalshi, regulated in the U.S., and luxe watch marketplace Bezel have teamed up on a new platform called Watch Futures that allows users to splash down cash on where they think the prices of a particular luxe timepiece are going, whether that’s a Rolex Submariner or a coveted Patek Philippe, Time & Tide reported.

You can also place a wager on which models might be discontinued, as well as any future launches from the top watchmakers on the new platform; with Watches and Wonders coming up, it’s certainly a well-timed launch that could see a lot of activity as a slew of new releases are announced at the event.

Watch Futures is all based on Beztimate, Bezel’s system (once used only internally) to help it accurately calculate the market price of a timepiece. It draws data from real-time transactions, live bids, verified sales, and other market offers to spawn its own series of independent valuation models to establish a watch’s value. From there, it’s up to bettors to place their wagers, and then the platform will showcase any price fluctuations or other updates as time goes on.

This new platform could have some pretty large implications for the watch industry.  As any horological savant would know, the internet and collectors alike are constantly chattering about which models are on the way out or when a certain timepiece of the moment’s time in the limelight will fade, of course, having a large impact on the prices of said model. And now, a Watch Futures user can have a direct stake in where a model is headed—and if they own said timepiece, it can be a protection from dwindling values on the marketplace, say, if a user places a bet on their model losing value and that actually comes to fruition.

To see Watch Futures in real time (and scope out how some pieces in your collection are faring), you can use the Kalshi app or its website.

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Mauve on Up

Brisbane boutique stay Miss Midgley’s offers a viscerally human experience—especially if you dig pink.

By Horacio Silva 17/12/2025

On a sun-bleached corner of Brisbane’s New Farm, where the scent of frangipani mingles with the clink of coffee cups, stands a building that has lived more lives than most people. Once a premier’s residence, an orphanage, a hospital and a private school, the 160-year-old stone structure now finds itself reborn as Miss Midgley’s—a boutique stay that teaches a masterclass in how to make heritage feel modern.

Designed and run by architect-mother-daughter duo Lisa and Isabella White, Miss Midgley’s captures the cultural confidence of a city in bloom. Nowhere is that new confidence more visible than along James Street—the leafy, slow-burn heart of the city’s fashion and dining scene—where Miss Midgley’s sits quietly at the edge, its shell-pink façade glowing in the subtropical light.

Built of Brisbane’s rare volcanic tuff, the building’s soft mauves and pinks are more than aesthetic; they are its identity. Locals still remember its 1950s incarnation as the Pink Flats, and the Whites have honoured that legacy with a contemporary blush-toned exterior, chosen to harmonise with the stone’s peachy undertones. Inside, those hues continue in dusty terracottas, russets and the faint shimmer of brass tapware. “Design can’t afford to be for the sake of fashion,” Isabella White has said. “It has to respond to what’s in front of you.”

That sentiment is tangible in every corner. Five apartments, each with their own idiosyncratic floor plan, occupy the building. Ceilings bloom with heritage plasterwork, 19th-century wallpaper fragments have been preserved in the kitchens, and tiny hand-painted notes left by the architects point out original quirks: a misaligned beam here, a hidden archway there. It’s a kind of adult treasure hunt for design lovers, where discovery feels personal and unforced.

Even the picket fence, a heritage requirement, has been reimagined in corten steel—a sly nod to regulation turned into sculpture. It’s this blend of reverence and rebellion that gives Miss Midgley’s its edge: heritage without starch, nostalgia without sentimentality.

True to Brisbane’s easy elegance, luxury here is measured not in marble or minibar but in proportion, privacy, and personality. Each apartment—from the Drawing Room and the Assembly Hall to the Principal’s Office—is a self-contained sanctuary with its own kitchen, large bathroom and outdoor space. The ground-floor units open onto leafy courtyards and welcome small dogs; upstairs, the larger suites spill onto verandahs shaded by jacarandas.

At the heart of the property lies a solar-heated pool hemmed with tropical greenery and fringed umbrellas—more mid-century Palm Springs than colonial Brisbane. Around it, guests share a petite laundry, a communal library and that rarest of urban luxuries: a car park per apartment. The atmosphere is quietly collegiate—a handful of travellers who might nod to each other on the stairs but otherwise inhabit their own creative bubbles.

The hotel’s namesake, Annie Midgley, lends the project both its name and its spirit. An ambidextrous artist and teacher, she famously instructed two students at once, writing with both hands simultaneously—a fitting metaphor for the dual vision the Whites bring to the building: one hand rooted in history, the other sketching toward the future. “Not famous, yet known,” goes the property’s understated tagline—and indeed, Miss Midgley’s has quietly become that most desirable of addresses: the one whispered about by people who know.

Sustainability isn’t an accessory here; it’s structural. The adaptive reuse of the heritage building is its boldest environmental act. Solar panels power the property; an electric heat pump warms the pool; recycled decking and tiles frame the courtyard. The metre-thick tuff walls regulate temperature naturally, and the amenities follow suit—refillable bath products, biodegradable pods, Seljak blankets spun from textile off-cuts, and compendiums wrapped in Australian-made kangaroo leather. It’s slow luxury in the truest sense.

In a world of carbon-copy hotels, Miss Midgley’s feels deeply human—a place where history isn’t curated behind glass but lives in the warmth of stone and the flicker of afternoon light. The lesson it offers is simple and resonant: that the most elegant modernity often comes not from reinvention, but from listening to what’s already there.

 

 Miss Midgley’s

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