Reference

Richard Mille Automatic Flyback Chronograph

Reference RM011-03 · Carbon TPT Orange Quartz

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About this reference

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.

Hammer prices over time

Each dot is a documented public auction sale; click to view the lot. Dashed line marks the current asking median across live listings.

Auction track record

9 documented sales since 2021. Top hammer $425,000 at Christie's Geneva in 2024. Median hammer: $250,000. Most recent: $147,420 in 2025.

Ranks #25 of 45 Richard Mille auction lots we track — see all Richard Mille records.

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Similar pieces (other Richard Mille Automatic Flyback Chronograph references, not counted above)

All documented hammer prices

For this reference (and close variants).

LotYearHammerVenue
RM011 · Felipe Massa Flyback 2022 $250,000 Sotheby's Hong Kong
RM011-03 · Automatic Flyback Chronograph 2024 $425,000 Christie's Geneva
RM011 · Felipe Massa Ceramic 2024 $418,633 Christie's Hong Kong
RM011 AO RG-ATZ · Felipe Massa 'White Demon' 2023 $378,000 Christie's Dubai
RM011-03 · Flyback Chronograph 2023 $294,840 Christie's Hong Kong
RM011-FM · Felipe Massa Titanium 2024 $235,000 Christie's Geneva
RM011-FM AD CA-TZP · Felipe Massa Black Ceramic 2024 $214,200 Christie's Geneva
RM011 · Felipe Massa Titanium 2025 $147,420 Christie's Hong Kong
RM011 · RM011 Felipe Massa 2021 $132,461 Phillips Hong Kong

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