Richard Mille RM 11-03 Guide: Specs, Editions, RM 011 and RM 11-05 Comparison and Prices

The Richard Mille RM 11-03 is the brand's core chronograph: an automatic flyback chronograph with an annual calendar, an oversized date, a 60-minute countdown timer and a 24-hour totaliser, driven by the skeletonised calibre RMAC3 with a variable-geometry rotor, in a tonneau case about 50 mm long, 44.5 mm wide and 16 mm thick. Richard Mille introduced it in 2016 to replace the RM 011 Felipe Massa, the model that had carried the brand since 2007, with a more angular case, larger pushers and a redesigned movement architecture. It is offered in grade 5 titanium, titanium with red gold, Carbon TPT and Quartz TPT, and in partner editions for McLaren and the Le Mans Classic. This guide covers the specifications, what changed from the RM 011, the editions, how the RM 11-03 compares with the RM 011 and the newer RM 11-05, how it wears, dated 2026 prices and what to check before buying. Bizak & Co. sources the RM 11-03 to order; the Richard Mille collection lists the configurations we can seek.

Last reviewed on September 21, 2026 by Filip Biczak. Prices are dated observations, not quotes.

Richard Mille RM 11-03 specifications

Sources: the Richard Mille collections page for the current RM 11-03 references, and Richard Mille services for warranty and service policy on the RMAC3 calibre.

What changed from the RM 011 to the RM 11-03?

• Case. The RM 11-03 kept the RM 011's dimensions but sharpened the lines: the bezel and caseback have more pronounced angles, the caseband is more sculpted, and the crown guards are larger. On the wrist it reads as a more modern watch even though the footprint is the same.
• Pushers. The RM 011's small pushers were replaced with larger, rubber-inserted pushers that are easier to use with gloves or on a steering wheel, which is the brand's stated reason for the change.
• Crown. The RM 11-03 introduced a torque-limiting crown that disengages under excessive force, protecting the stem and tube that were the RM 011's weak point.
• Movement. The RMAC3 replaced the RMAC1 with reworked bridges, a larger and more open architecture that shows more of the chronograph works, and the same functions.
• Date and calendar. The oversized date and annual calendar carried over; the RM 11-03's date discs are easier to read against the new bridges.

The RM 011 remains a good watch and a cheaper one; the changes are practical rather than transformative. Buyers who prefer the softer original case should look at the RM 011; those who want the current design and the crown protection should choose the RM 11-03.

Which RM 11-03 editions exist?

Every edition carries the same calibre and case dimensions. The McLaren is the one buyers ask for by name, because it was the first Richard Mille produced with the car maker and because the orange composite is unmistakable; the Le Mans Classic in carbon is the next most sought after. Treat the table as a snapshot of one catalogue on one day.

RM 11-03 vs RM 011 vs RM 11-05: which Richard Mille chronograph?

The RM 011 is the value chronograph, the RM 11-03 is the current standard and the RM 11-05 adds a second time zone and a scratch-resistant cermet bezel at a much higher ask. For most buyers the RM 11-03 in titanium is the sensible choice; our Richard Mille price guide sets the three against the rest of the range.

How does the RM 11-03 wear?

At about 50 mm long and 16 mm thick the RM 11-03 is a big watch, and it is meant to be. The curved case and short strap horns pull it down onto the wrist, so it sits better than the numbers suggest, but it needs a wrist of about 17 cm (6.7 inches) or more to look in proportion, and it will not slide under a shirt cuff. In titanium the watch is light for its size; the gold-bezel version adds noticeable weight, and the Carbon TPT and Quartz TPT editions are the lightest. The pushers are large and easy to operate, the flyback resets the chronograph hand with one press while running, and the oversized date is legible at a glance. The openworked dial takes some learning in daylight, but the luminous hands are among the brand's best at night. Buyers who want the same character in a smaller watch should look at the RM 030 or the RM 67-01.

How much is a Richard Mille RM 11-03? Prices in 2026

• Retail. Richard Mille sells the RM 11-03 through its own boutiques and does not publish a price list; the titanium model has retailed in the high US$100,000s and the composite and partner editions above that, with boutique prices moving with exchange rates.
• Secondary market. Through 2025 and 2026 the titanium RM 11-03 has traded close to or somewhat above its retail on the secondary market, while the McLaren and Le Mans Classic editions have asked well above their launch prices. Full-set pieces with the boutique invoice carry the highest asks; pre-owned pieces with a replaced strap trade at a discount.
• Bizak catalogue asks. On 21 September 2026 our sourced catalogue listed pre-owned RM 11-03 examples in titanium at US$167,399, in titanium and red gold at US$213,899, the Le Mans Classic in rose gold at US$232,499 and in Carbon TPT at US$353,399, the Red Quartz TPT at US$232,499 and the McLaren editions at US$367,349 and US$371,999, all sourced to order.

Those figures describe what we saw and will move. Ask for a dated quote for the exact edition, year and set.

Is the RM 11-03 a good investment?

It is the reference Richard Mille makes in the largest numbers, which keeps the titanium model's premium modest and makes it the most liquid Richard Mille to sell. The partner editions behave differently: the McLaren and the Le Mans Classic have held large premiums since launch because their runs were fixed and the demand was not. A buyer who wants the watch should buy the titanium model and wear it; a buyer who wants a piece that has appreciated should expect to pay for that appreciation up front. Keep the box, warranty card, boutique invoice and any spare strap, and if resale matters, ask for a written cash-buy assessment before you commit.

Buying a used RM 11-03: what to check

• Warranty card and boutique invoice. The card serial should match the caseback engraving, and on the McLaren and Le Mans Classic editions the edition number should fall inside the stated run.
• Chronograph function. Start, stop and flyback should each work with a single press; the countdown timer at 9 should reset to 60 and the 24-hour totaliser at 6 should advance with the minutes.
• Date and calendar. Advance the date through a month end with the function selector; the annual calendar should skip 31 correctly in 30-day months and the oversized date discs should align.
• Crown and selector. The torque-limiting crown should slip rather than grind under force; the selector should move cleanly between W, N and H with the indicator following.
• Case and composites. Spline screws undamaged; Carbon TPT and Quartz TPT free of chips or lifted layers at the bezel corners; titanium free of deep scratches at the pusher guards.
• Rotor. With the watch off the wrist the rotor should spin freely and silently; ask when the flanges were last set.
• Strap and clasp. Rubber straps and the titanium folding clasp are edition-specific; a McLaren without its orange-stitched strap or a generic replacement is a deduction.
• Price against the band. A full-set RM 11-03 offered well under the market is the single most reliable warning sign; this reference is the brand's most copied.

Our authentication process describes what we inspect before dispatch.

Quick answers

How much is a Richard Mille RM 11-03?

The titanium model has retailed in the high US$100,000s through the boutiques, and Bizak's sourced catalogue listed pre-owned RM 11-03 examples from US$167,399 in titanium to US$371,999 for the McLaren edition on 21 September 2026, sourced to order.

What is the difference between the RM 011 and RM 11-03?

The RM 11-03 of 2016 has a more angular case, larger rubber-inserted pushers, a torque-limiting crown and the reworked RMAC3 calibre; the RM 011 of 2007 to 2016 has softer lines, small pushers and the RMAC1. Both are flyback chronographs with an annual calendar and oversized date.

What movement is in the RM 11-03?

The calibre RMAC3, an in-house skeletonised automatic flyback chronograph with a grade 5 titanium baseplate, a variable-geometry rotor, an annual calendar and about 55 hours of power reserve.

How big is the RM 11-03?

About 49.9 mm long, 44.5 mm wide and 16.2 mm thick; it suits wrists of about 17 cm (6.7 inches) or more.

How many RM 11-03 McLaren were made?

500 pieces of the original 2017 orange and Carbon TPT edition; a later black Carbon TPT version was also produced, and both are numbered on the caseback.

Request an RM 11-03 sourcing quote

Tell us the edition, case material, preferred year range, condition and whether the warranty card is required, plus your budget and timing, through our sourcing enquiry form. We confirm the specific watch, photographs, card and final price before you commit. Catalogue entries: RM 11-03 titanium, RM 11-03 titanium and red gold, RM 11-03 McLaren, RM 11-03 Le Mans Classic Carbon TPT, RM 11-05 cermet; browse the Richard Mille collection, the chronographs collection, or sell or trade your Richard Mille.

Related reading: Richard Mille price guide · Richard Mille RM 005 guide · Richard Mille skeleton dials explained · Rolex Daytona 126500LN guide.