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).
| Lot | Year | Hammer | Venue |
|---|---|---|---|
| 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 |