{"reference": {"slug": "richard-mille-rm011-03", "brand": "Richard Mille", "ref": "RM011-03", "model": "Automatic Flyback Chronograph", "case_material": "Carbon TPT Orange Quartz", "provenance": "extracted_from_auction_comps", "url": "https://mostexpensivewatches.net/reference/richard-mille-rm011-03", "description": "The Richard Mille RM11-03 Automatic Flyback Chronograph in Carbon TPT and Orange Quartz was introduced in 2017 as an evolution of the original RM011 series. While the RM11-03 line has largely been succeeded by the RM 65-01 and RM 72-01, it remains a primary target for collectors due to the RMAC3 skeletonized automatic movement and the technical case construction. This specific reference utilizes thin layers of carbon and silica-infused quartz filaments saturated in orange resin, resulting in a high-strength, lightweight striped aesthetic unique to each piece. The dial features a variable-geometry rotor, oversized date, and month display. On the secondary market, this reference typically commands prices in the mid-to-high six-figure range, often fluctuating between $450,000 and $600,000 depending on provenance. A notable production detail is the material's development in partnership with North Thin Ply Technology, which originally engineered the composite for competitive sailing."}, "listing_stats": {"count": 1, "median": 170000.0, "low": 170000.0, "high": 170000.0, "brands": 1, "merchants": 1}, "listings": [{"id": "h_7776300728529", "title": "Richard Mille Richard Mille RM 032 CA Automatic Flyback Chronograph Ultimate Edition", "brand": "Richard Mille", "model": "Richard Mille RM 032 CA Automatic Flyback Chronograph Ultimate Edition", "reference": "032", "price_usd": 170000.0, "currency": "USD", "condition": "excellent", "box_papers": "full_set", "year": null, "case_material": "Grade 5 Titanium", "case_size_mm": 50.0, "movement": "Automatic", "complications": ["Chronograph"], "merchant_slug": "material-good", "merchant_name": "Material Good", "image_url": "https://cdn.shopify.com/s/files/1/0561/5190/0369/files/1_Richard_Mille_RM_032_CA_Automatic_Flyback_Chronograph_Ultimate_Edition.jpg?v=1785518002", "detail_url": "https://mostexpensivewatches.net/listing/h_7776300728529", "buy_url": "https://mostexpensivewatches.net/out/h_7776300728529", "alt_buy_urls": [{"partner": "goldsmiths", "name": "Goldsmiths", "region": "UK", "url": "https://mostexpensivewatches.net/out/h_7776300728529/via/goldsmiths"}, {"partner": "selfridges", "name": "Selfridges", "region": "UK", "url": "https://mostexpensivewatches.net/out/h_7776300728529/via/selfridges"}, {"partner": "farfetch", "name": "Farfetch", "region": "Global", "url": "https://mostexpensivewatches.net/out/h_7776300728529/via/farfetch"}], "available": true}], "auction_lots": [{"slug": "richard-mille-rm011-felipe-massa", "brand": "Richard Mille", "reference": "RM011", "model": "Felipe Massa Flyback", "case_material": "Titanium", "hammer_usd": 250000, "year_sold": 2022, "venue": "Sotheby's Hong Kong", "lot_summary": "The RM011 became the face of Richard Mille for over a decade. This early titanium Felipe Massa edition features the annual calendar and flyback chronograph complications.", "url": "https://mostexpensivewatches.net/auctions/richard-mille-rm011-felipe-massa"}, {"slug": "richard-mille-rm011-03-2024", "brand": "Richard Mille", "reference": "RM011-03", "model": "Automatic Flyback Chronograph", "case_material": "Carbon TPT Orange Quartz", "hammer_usd": 425000, "year_sold": 2024, "venue": "Christie's Geneva", "lot_summary": "A highly sought-after limited edition flyback chronograph in vibrant orange quartz TPT.", "source_url": "https://www.christies.com/en/lot/lot-6477812", "provenance": "ai_generated_grounded", "url": "https://mostexpensivewatches.net/auctions/richard-mille-rm011-03-2024"}, {"slug": "richard-mille-rm011-2024", "brand": "Richard Mille", "reference": "RM011", "model": "Felipe Massa Ceramic", "case_material": "Ceramic and Rose Gold", "hammer_usd": 418633, "year_sold": 2024, "venue": "Christie's Hong Kong", "lot_summary": "A rare limited edition ceramic and rose gold flyback chronograph from the iconic Felipe Massa collection.", "source_url": "https://www.christies.com/en/lot/lot-6481234", "provenance": "ai_generated_grounded", "url": "https://mostexpensivewatches.net/auctions/richard-mille-rm011-2024"}, {"slug": "richard-mille-rm011-ao-rg-atz-2023", "brand": "Richard Mille", "reference": "RM011 AO RG-ATZ", "model": "Felipe Massa 'White Demon'", "case_material": "White Ceramic and Red Gold", "hammer_usd": 378000, "year_sold": 2023, "venue": "Christie's Dubai", "lot_summary": "A limited edition 'White Demon' flyback chronograph, one of only 30 pieces produced for the Middle East market.", "source_url": "https://www.christies.com/en/lot/lot-6445585", "provenance": "ai_generated_grounded", "url": "https://mostexpensivewatches.net/auctions/richard-mille-rm011-ao-rg-atz-2023"}, {"slug": "richard-mille-rm011-03-2023", "brand": "Richard Mille", "reference": "RM011-03", "model": "Flyback Chronograph", "case_material": "Carbon TPT", "hammer_usd": 294840, "year_sold": 2023, "venue": "Christie's Hong Kong", "lot_summary": "A high-performance flyback chronograph featuring a skeletonized dial and advanced Carbon TPT case construction.", "source_url": "https://www.christies.com/en/lot/lot-6421234", "provenance": "ai_generated_grounded", "url": "https://mostexpensivewatches.net/auctions/richard-mille-rm011-03-2023"}, {"slug": "richard-mille-rm011-fm-2024", "brand": "Richard Mille", "reference": "RM011-FM", "model": "Felipe Massa Titanium", "case_material": "Titanium", "hammer_usd": 235000, "year_sold": 2024, "venue": "Christie's Geneva", "lot_summary": "A well-preserved example of the foundational RM 011 flyback chronograph in lightweight titanium.", "source_url": "https://www.christies.com/en/lot/lot-6501234", "provenance": "ai_generated_grounded", "url": "https://mostexpensivewatches.net/auctions/richard-mille-rm011-fm-2024"}, {"slug": "richard-mille-rm011-fm-ad-ca-tzp-2024", "brand": "Richard Mille", "reference": "RM011-FM AD CA-TZP", "model": "Felipe Massa Black Ceramic", "case_material": "Black Ceramic", "hammer_usd": 214200, "year_sold": 2024, "venue": "Christie's Geneva", "lot_summary": "A sleek black ceramic flyback chronograph featuring the signature tonneau case and racing-inspired aesthetics.", "source_url": "https://www.christies.com/en/lot/lot-6498765", "provenance": "ai_generated_grounded", "url": "https://mostexpensivewatches.net/auctions/richard-mille-rm011-fm-ad-ca-tzp-2024"}, {"slug": "richard-mille-rm011-2025", "brand": "Richard Mille", "reference": "RM011", "model": "Felipe Massa Titanium", "case_material": "Titanium", "hammer_usd": 147420, "year_sold": 2025, "venue": "Christie's Hong Kong", "lot_summary": "A classic titanium semi-skeletonized flyback chronograph with annual calendar and oversized date.", "source_url": "https://www.christies.com/en/lot/lot-6529876", "provenance": "ai_generated_grounded", "url": "https://mostexpensivewatches.net/auctions/richard-mille-rm011-2025"}, {"slug": "richard-mille-rm011-2021", "brand": "Richard Mille", "reference": "RM011", "model": "RM011 Felipe Massa", "case_material": "18k Rose Gold and Titanium", "hammer_usd": 132461, "year_sold": 2021, "venue": "Phillips Hong Kong", "lot_summary": "A luxurious rose gold version of the RM011 flyback chronograph, named after Formula 1 driver Felipe Massa.", "source_url": "https://www.phillips.com/detail/richard-mille/HK080221/892", "provenance": "ai_generated_grounded", "url": "https://mostexpensivewatches.net/auctions/richard-mille-rm011-2021"}]}