Richard Mille Wristshot of the Day

Key Points from the Discussion

• The RM 11-02 features a flyback chronograph, annual calendar with oversize date, 60-minute countdown timer, 24-hour totaliser, and a UTC function indicating a second time zone via a Super-LumiNova-filled hand.
• Richard Mille prices have seen a significant increase, with some models that were around 70k several years ago now commanding much higher figures.
• Some collectors express frustration with luxury brand boutiques, citing issues like being pressured to purchase unwanted pieces to gain access to desired models and encountering arrogant staff.
• Beyond price, quality control issues, such as scratched new watches and substandard cloisonné work, and substantial price increases across various references, are contributing to collector dissatisfaction with some brands.
• The secondary market's influence, where certain allocations became synonymous with significant financial gains, has been a major driver behind price increases and changes in brand strategy, such as Patek Philippe's shift to the 5811/1G Nautilus.
• Despite the perceived thickness of some Richard Mille models, the 67-01, 67-02, and 72-01 are noted as more wearable options for those who prefer slimmer watches.