How Much Is a Richard Mille? (2026 Price Guide)
Last updated: February 2026
Richard Mille watches range from approximately $120,000 to over $3 million at retail, with secondary market prices often exceeding MSRP on popular references. The most accessible current-production models start around $120,000, while limited-edition tourbillons regularly surpass $2.5 million.
Richard Mille occupies a pricing tier that sits above most traditional luxury watch brands. An entry-level RM costs roughly 10 to 15 times more than a base Rolex and two to four times more than comparable Patek Philippe or Audemars Piguet references. The brand produces approximately 5,300 watches per year (Forbes, 2023), which limits supply and keeps both retail and resale prices elevated. This guide breaks down pricing by category, explains what drives the numbers, compares retail to secondary market values, and identifies the least expensive options available in 2026. For a broader overview of the brand, see our complete Richard Mille guide.
Richard Mille skeletonized dial revealing the intricate movement architecture beneath
Table of Contents
Richard Mille Price Ranges by Category
Richard Mille's lineup spans four broad pricing tiers. Each tier reflects differences in case material, movement complexity, and production volume. The table below shows approximate ranges for both retail MSRP and secondary market asking prices as of early 2026.
| Category | Retail MSRP | Secondary Market | Example Models |
|---|---|---|---|
| Entry-Level | $120,000 - $180,000 | $120,000 - $300,000 | RM 67-01, RM 07-01 (ceramic) |
| Mid-Range | $180,000 - $400,000 | $200,000 - $600,000 | RM 35-02, RM 11-03, RM 055 |
| High Complication | $500,000 - $1,500,000 | $500,000 - $2,000,000 | RM 52-01, RM 52-05 |
| Ultra-Limited / Tourbillon | $1,500,000 - $3,000,000+ | $2,000,000 - $5,000,000+ | RM 27-04, RM 27-05 |
Entry-level models use automatic movements in titanium, ceramic, or Carbon TPT cases. They deliver the signature Richard Mille aesthetic (tonneau shape, skeletonized dial, visible architecture) without tourbillon complexity. Both the RM 67-01 and RM 07-01 fall here.
Mid-range references add chronograph functions, more exotic materials, or celebrity-collaboration designs. The RM 11-03 flyback chronograph in titanium retails around $198,000, while rose gold variants push toward $350,000. The RM 35-02 Rafael Nadal sits in this tier as well, starting near $200,000.
High complication pieces feature tourbillons, minute repeaters, or multi-axis displays. The RM 52-05, co-designed with Pharrell Williams, retails around $969,000. Production quantities at this level drop into the low hundreds.
Ultra-limited tourbillons represent the top of the range. The RM 27-04, limited to 50 pieces, carries an MSRP of approximately $2,520,000. The RM 27-05, limited to 80 pieces and released in 2024, lists above $3,100,000. Richard Mille's allocation model means these pieces go to existing clients with established purchase histories.
Discontinued models add a separate pricing dynamic. Older references like the RM 010 in rose gold can trade below their original retail price on the secondary market, sometimes around $140,000 for unworn examples. Current-production references, by contrast, generally hold or exceed their retail prices based on current secondary market listings.
What Determines a Richard Mille's Price?
Four primary factors drive pricing across the Richard Mille catalog: materials, movement complexity, production volume, and limited-edition premiums.
Materials
Case material has the single largest impact on price within a given reference. A Grade 5 titanium case sets the baseline. Upgrading to Carbon TPT adds 20% to 30% to MSRP. Quartz TPT (colored silica fiber composites) adds 25% to 40%. Carbon TPT, developed by NTPT (North Thin Ply Technology), fuses hundreds of ultra-thin carbon fiber layers under high temperature and pressure, creating cases that are both featherweight and virtually indestructible, with a unique wood-grain pattern on every piece. Rose gold and white gold variants push prices higher still, adding precious-metal premiums on top of manufacturing costs.
The weight is where this gets real. A Carbon TPT or Quartz TPT Richard Mille weighs about as much as a Hershey's chocolate bar. You put it on and forget it is there. That is not a sales pitch, it is just what happens when you hold one for the first time. Then pick up a rose gold RM and it feels like a completely different object. The material choice does not just move the price; it changes what the watch actually feels like to wear every day.
Movement Complexity
A basic automatic caliber (RM 67-01, RM 07-01) costs the least. A flyback chronograph (RM 11-03) adds function and cost. Tourbillon models, particularly those engineered for extreme G-force resistance, sit at the top of the pricing range. The RM 27-05 withstands 14,000 g and weighs just 11.5 grams without its strap. That level of engineering pushes development timelines to years per caliber and drives multi-million-dollar pricing.
Production Volume and Allocation
Richard Mille produced approximately 5,300 watches in 2023 (Forbes), with industry forecasts near 5,900 for 2024 (Morgan Stanley/LuxConsult). Rolex produces roughly 1.1 million. Patek Philippe makes about 65,000. Audemars Piguet produces around 45,000. RM's output places it among the smallest-volume brands at its revenue level. The company generated an estimated CHF 1.55 billion in 2024 turnover: roughly CHF 260,000 per unit. This scarcity-driven model restricts supply and supports pricing at every tier.
Limited-Edition Premiums
Celebrity-collaboration models and capped production runs create additional price pressure. The RM 055 Bubba Watson, originally priced around $100,000 at its 2015 launch, now trades between $440,000 and $500,000 on the secondary market. Limited production quantities of 50 or 80 pieces (common for RM 27-series releases) eliminate any negotiation on price and create multi-year waitlists for established clients.
For a detailed breakdown of each cost driver, see our guide on why Richard Mille watches are so expensive.
Richard Mille Retail vs Secondary Market Prices
Secondary market prices for Richard Mille watches vary widely by reference, material, and condition. Some models trade near or below retail. Others command significant premiums. The table below compares retail MSRP to current secondary market asking prices for six key references.
| Model | Material | Retail MSRP | Secondary Market | vs. Retail |
|---|---|---|---|---|
| RM 67-01 | Titanium | ~$120,000 - $165,000 | $165,000 - $230,000 | Near to above retail |
| RM 11-03 | Titanium | ~$198,000 | ~$283,000 avg | Above retail |
| RM 35-02 | Carbon TPT | ~$200,000 - $238,000 | $200,000 - $350,000 | Near to above retail |
| RM 055 | ATZ Ceramic / Carbon TPT | ~$180,000 - $220,000 | $440,000 - $500,000+ | Significantly above retail |
| RM 27-04 | TitaCarb | ~$2,520,000 | $2,500,000+ | Near retail |
| RM 010 | Rose Gold | Discontinued | ~$140,000 | Below original retail |
Current-production sport models with celebrity ties (RM 055, RM 35-02) and flyback chronographs (RM 11-03) consistently trade above retail based on current listings. Both brand demand and allocation scarcity support those premiums. The RM 27-04 trades near its $2.5 million retail; the buyer pool at that level is small, and listings are rare on secondary platforms.
Discontinued references behave differently. Older models without celebrity ties or limited-edition status can depreciate. The RM 010, once a core catalog piece, now trades below its original retail price. Condition, box, papers, and service history all affect resale values at every price point.
For a deeper look at which models hold value and which carry risk, see our analysis of Richard Mille as an investment.
What Is the Cheapest Richard Mille?
The RM 67-01 Automatic Extra Flat in titanium is the least expensive Richard Mille currently in production, with retail pricing starting around $120,000 in titanium. The RM 07-01 in colored ceramic, the brand's primary women's model, starts at approximately $163,000.
At the entry level, the RM 67-01 delivers the core Richard Mille experience: a tonneau-shaped case, skeletonized dial, in-house automatic movement, and ultra-thin construction at just 7.75mm. Titanium versions sit at the bottom of the range, while Carbon TPT ($150,000 to $180,000) and rose gold ($180,000 to $220,000) variants push prices higher within the same reference family.
The RM 07-01 is Richard Mille's primary women's model and opens a separate price tier. The colored ceramic version starts around $163,000, with Carbon TPT bracelet variants reaching $275,000. The "Intergalactic" editions range from $188,000 to $283,000.
For context, $120,000 to $150,000 buys a perpetual calendar from Patek Philippe, a Royal Oak chronograph from Audemars Piguet, or a Lange 1 in gold. A Richard Mille at this level gets you something different: advanced composite materials, shock-resistant architecture, and access to one of the most restricted brands in watchmaking — under 6,000 watches per year. The trade-off is a simpler movement: time-only automatic rather than grand complication.
For a full ranking of affordable options, see our guide to the cheapest Richard Mille models.
Pricing data reflects retail MSRP where available and current secondary market listings as of early 2026; actual prices vary by condition, year, included accessories, and dealer. Production figures are industry estimates compiled from published reports; Richard Mille does not disclose model-by-model production volumes.
Frequently Asked Questions
What is the cheapest Richard Mille watch?
The RM 67-01 Automatic Extra Flat in titanium is the least expensive current-production Richard Mille, starting around $120,000 in titanium at retail. Secondary market prices for this reference range from $165,000 to $230,000 depending on condition, material, and whether box and papers are included.
How much does a Richard Mille RM 35-02 cost?
The RM 35-02 Rafael Nadal retails for approximately $200,000 to $238,000 in Carbon TPT. Secondary market asking prices range from $200,000 to $350,000 depending on condition and completeness. The updated RM 35-03 in Quartz TPT trades higher, between $450,000 and $558,000.
Are Richard Mille watches more expensive than Patek Philippe?
At every comparable tier, yes. The cheapest Richard Mille starts around $120,000, while Patek Philippe's entry-level Calatrava begins near $19,000 to $30,000. Richard Mille's average secondary market price sits around $252,000 (WatchCharts). Patek's average falls between $50,000 and $80,000. The gap widens further at the top of each catalog.
Why do Richard Mille watches cost so much?
Four factors drive pricing: proprietary materials like Carbon TPT (600 to 800 layers of carbon fiber per case), in-house movements engineered for extreme G-force resistance, annual production of approximately 5,300 pieces (Forbes, 2023), and an allocation model that restricts purchasing to established clients. The brand generates roughly CHF 260,000 in revenue per watch sold.
Do Richard Mille prices go up over time?
Current-production sport models and limited editions have appreciated or held value based on secondary market data. The RM 055 Bubba Watson originally retailed around $100,000 in 2015 and now trades above $440,000. However, discontinued references without strong secondary market demand can depreciate below their original retail prices, as seen with the RM 010.
How much is a women's Richard Mille?
The RM 07-01, Richard Mille's primary women's model, starts at approximately $163,000 in colored ceramic. Carbon TPT bracelet variants reach $275,000, and the "Intergalactic" editions range from $188,000 to $283,000. Secondary market prices vary by material and edition.