How Much Is a Richard Mille Watch? Price guide by Curashion
Despite only being founded two decades ago, Richard Mille has built a reputation for being one of the most expensive watch brands on the market. Their customers consist of billionaires and millionaires who love their design, materials, and exclusivity. With that being said, if you are interested in buying the watch or just want to know more about its value, here is the truth behind the Richard Mille watch’s price!
What is Richard Mille?
Richard Mille is a Swiss luxury watch company that was founded by Dominique Guenat and Richard Mille in 2001. Their famous watches have been dubbed the ‘Billionaire’s handshake’ because of how exclusive and expensive their products are. They made their watch debut with the RM 001 Tourbillon, which was advertised as a ‘racing machine on the wrist’. Currently, Richard Mille is known as one of the most expensive watch brands out there!
How much is a Richard Mille watch?
Seeing how these watches are marketed to billionaires and millionaires, you can probably imagine that these watches are very, very expensive. And you would be right. Depending on the year and model, the price of the Richard Mille can range from $80,000 to $2 million! Their tourbillion watch is their most popular model, and these models can range from $500,000 to $800,000.
Why are these watches so expensive?
There are two main reasons why these watches are astonishingly costly: their materials and marketing. When it comes to their materials, this watch is made with a distinct idiosyncratic design. Its lightweight and bold design can be quite difficult and expensive to make by manufacturers.
On top of that, these watches usually use unique materials you usually only see in aerospace industries and racing yachts. Which, as you can expect, is complicated to use on a watch. Not only that, but these watches are incredibly difficult to make as they are usually made by hand. So, obviously, if you make a watch by hand and use expensive materials, it is not that surprising that the watch would be extremely costly.
While the design and materials are impressive, they have found a huge amount of success because of their exclusivity. Only 5,000 watches are made a year, which might seem like a lot, it is actually not a huge amount for a new company like Richard Mille. So, the more exclusive the watches are, the higher the demand for them is. This is likely a huge reason why Richard Mille watches are this expensive. If they were more accessible to the average public, billionaires and millionaires probably would not be as interested.
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