World number one Novak Djokovic beat defending champion Andy Murray 6-2 3-6 6-3 in the Madrid Open final.
The defeat means the 28-year-old loses his world number two ranking to Roger Federer on Monday.
The Scot recovered from a poor opening set to level the match, but had no answer to the Serb’s power and accuracy in the decider.
Djokovic now moves ahead of Spain’s Rafael Nadal with a record 29 ATP Masters 1000 titles.
The Serb underlined his current dominance as he claimed his fifth title in the past six Masters tournaments.
Murray said: “Novak has had a lot of wins against me in the last couple of years unfortunately, but he has done some great things and also deserved this win.
“I’ve had a great two years here and I love it and look forward to coming back for many more years.”