Richard Mille RM 11-03

A Watch for Life in the Fast Lane

The Swiss luxury watch manufacturer Richard Mille introduced the RM 11-03 in 2017 and produced the timepiece until around 2022. The sporty skeleton watch emerged from the trail blazed by the iconic Richard Mille RM 011 Titanium that debuted in 2007.

The Richard Mille RM 11-03 comes in a number of variants, including the RM 11-03 Jean Todt, RM 11-03 Felipe Massa, RM 11-03 McLaren, RM 11-03 Ghost White Ceramic, RM 11-03 Le Mans, and the RM11-03 Carbon Turquoise Quartz.

Richard Mille manufactures the case in a variety of different materials such as gold, titanium, carbon, ceramic, or even quartz, depending on the model. Many of these materials originate in Formula 1, with which Richard Mille has maintained a close relationship for years.

The men's and unisex models allow you to marvel at the automatic caliber RM AC3 at work inside, which is visible through the anti-reflective, scratch-resistant sapphire crystal face and case back. The watch is also water-resistant to 50 m (5 bar, 164 ft).

The famous three-part tonneau-shaped case underwent a bit of modernization with the RM 11-03, but the watch's dynamic, futuristic look remains. The technical masterpiece is powered by an automatic skeleton movement with a variable geometry rotor. The front of the case is satin-brushed, and the case itself is held together by 20 spline screws in grade 5 titanium.

The RM 11-03 is equipped with hours, minutes, seconds, and a flyback chronograph function with a 60-minute countdown at 9 o'clock and 12-hour subdial. Further complications include an oversized date and a month display.

The Richard Mille RM 11-03's Automatic Movement

The RM 11-03 is powered by the automatic caliber RM AC3. The plate and bridges are made of grade 5 titanium, and the surfaces are satin-finished and beveled by hand.

The in-house caliber has a titanium variable geometry rotor. This means that the rotor's inertia can be adjusted to the wearer's activities to optimize the way the watch is powered. The rotor is made of satin-finished and PVD-coated grade 5 titanium and is adjusted in six different positions. When fully wound, the watch boasts some 55 hours of power reserve.

Prices for an unworn Richard Mille RM 11-03 span a broad spectrum. As of January 2023, the RM 11-03 Ti was the least expensive model, changing hands on Chrono24 for just over 370,000 USD. The ceramic edition of the RM 11-03 can be found at the other end of the scale and demands an investment of around 770,000 USD.

The most popular models have climbed rapidly in price since 2019, regardless of condition. In February 2020, an RM 11-03 RG in mint condition cost approximately 298,000 USD, while a worn watch went for around 229,000 USD. Those prices have increased by about 54% and 78%, respectively, as of February 2023. Since October 2021, however, growth has slowed and even declined slightly in some cases. Now may be just the right time for fans of the Richard Mille RM 11-03 to invest.