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entrepreneurSpotted May 2023

Entrepreneur Danny Oyekan spotted wearing a Richard Mille

entrepreneur Danny Oyekan spotted wearing a Richard Mille RM11-02
Who & what: Richard Mille RM11-02 Dual Time Zone Flyback Chronograph 'Le Mans Classic' ATZ Ceramic NTPT Carbon Limited Edition

Danny Oyekan, entrepreneur and increasingly visible figure in luxury collector circles, was recently spotted with a Richard Mille RM11-02 Dual Time Zone Flyback Chronograph 'Le Mans Classic' on his wrist — a watch that represents one of the more technically and materially ambitious pieces in Richard Mille's already demanding catalogue.

The RM11-02 is built around the calibre RMAC2, an automatic movement co-developed with Audemars Piguet Renaud & Papi. It delivers a flyback chronograph complication alongside a dual time zone with GMT hand, annual calendar, and a function selector that allows the crown to interact with different complications without risk of accidental adjustment. Power reserve sits at approximately 55 hours. The movement is skeletonized and visible through the dial, consistent with Richard Mille's transparency-as-design philosophy.

What distinguishes this 'Le Mans Classic' variant specifically is the case architecture. The bezel and caseback are machined from ATZ ceramic — an aluminium oxide-based zirconium-toughened ceramic — while the casebands are constructed from NTPT carbon, the North Thin Ply Technology material also used in Formula 1 and aerospace applications. The combination is not merely aesthetic: each material is deployed where its mechanical properties are most relevant. The 'Le Mans Classic' logo at 12 o'clock and the production limit of 150 pieces tie the watch directly to the storied French endurance race, with which Richard Mille has maintained a longstanding and commercially productive relationship.

Among collectors, the RM11-02 series occupies a well-established position. The standard titanium and carbon references already command strong grey-market premiums, and limited variants with restricted production figures and motorsport provenance — like this Le Mans Classic edition — tend to hold value tenaciously. With only 150 examples produced, secondary market liquidity is limited by design.

Oyekan's choice signals both financial comfort and genuine horological literacy. The Richard Mille RM11-02 'Le Mans Classic' retails in the region of $200,000 and currently trades on the grey market at approximately $250,000, reflecting the sustained demand that attaches to scarcely available Richard Mille motorsport editions.

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