{"reference": {"slug": "richard-mille-rm011-fm", "brand": "Richard Mille", "ref": "RM011-FM", "model": "Felipe Massa Titanium", "case_material": "Titanium", "provenance": "extracted_from_auction_comps", "url": "https://mostexpensivewatches.net/reference/richard-mille-rm011-fm", "description": "The Richard Mille RM011-FM Felipe Massa Titanium was produced between 2007 and approximately 2016. Collectors target this reference as the foundational flyback chronograph of the brand, featuring the skeletonized RMAC1 automatic movement with an annual calendar and oversized date display. The 50mm x 40mm tripartite case is constructed from grade 5 titanium, offering a lightweight profile compared to gold variants. This model established the brand’s visual identity through its curved tonneau shape and visible sapphire dial architecture. On the secondary market, these timepieces typically trade in the $130,000 to $170,000 range depending on condition and provenance. A notable production detail is the 2013 update which introduced the \"Black Night\" and \"Lotus F1 Team\" limited editions, though the standard titanium remains the high-volume baseline for the series. The reference was eventually succeeded by the RM 11-03 in 2017."}, "listing_stats": {"count": 1, "median": 199950.0, "low": 199950.0, "high": 199950.0, "brands": 1, "merchants": 1}, "listings": [{"id": "h_7270898794583", "title": "Richard Mille Richard Mille RM011 FM", "brand": "Richard Mille", "model": "Richard Mille RM011 FM", "reference": "RM011", "price_usd": 199950.0, "currency": "USD", "condition": "excellent", "box_papers": "full_set", "year": null, "case_material": "Stainless Steel", "case_size_mm": 40.0, "movement": "Automatic", "complications": [], "merchant_slug": "analog-shift", "merchant_name": "Analog/Shift", "image_url": "https://cdn.shopify.com/s/files/1/0809/1255/files/AS10001_40992109_RICHARD_MILLE_RM-011_SKELETON_RM011_AJ_WG-7.jpg?v=1730505777", "detail_url": "https://mostexpensivewatches.net/listing/h_7270898794583", "buy_url": "https://mostexpensivewatches.net/out/h_7270898794583", "available": false}], "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"}]}