Entrepreneur Tobi Adegboyega spotted wearing a Richard Mille

Tobi Adegboyega, entrepreneur and prominent figure in faith-based and business communities, was recently sighted wearing a Richard Mille RM 11-05 Automatic Flyback Chronograph GMT — one of only 140 examples ever produced and among the most architecturally complex pieces in the contemporary Richard Mille catalogue.

The RM 11-05 was introduced in 2020 as an evolution of the long-running RM 11 family, which has served as Richard Mille's signature flyback chronograph GMT platform since the mid-2000s. What distinguishes the RM 11-05 from its predecessors is the case construction: a grey cermet shell paired with a Carbon TPT® caseband. Cermet — a composite of ceramic and metallic alloys — offers exceptional hardness and a distinctive matte-grey aesthetic that sits apart from the brand's more familiar titanium or gold references. Carbon TPT®, produced by layering hundreds of carbon filament plies at alternating angles, delivers a caseband of remarkable rigidity at minimal mass.

The caliber within is the RMAL1 automatic movement, visible through the sapphire crystal architecture. It delivers hours, minutes, and a small seconds subdial at 3 o'clock, an oversize date and month display, a flyback chronograph with split minutes and countdown counters at 9 o'clock, an hour counter at 6 o'clock, and a UTC complication for simultaneous second time zone reading. The flyback function allows the chronograph to be reset and restarted with a single pusher action — a mechanical shorthand valued in aviation and motorsport contexts that Richard Mille has long cultivated as part of its brand identity.

With only 140 pieces produced globally, the Richard Mille RM 11-05 in grey cermet occupies rarefied collector territory. The combination of material rarity, limited production, and complication density has driven secondary market values dramatically above retail — a pattern consistent across the most constrained Richard Mille references.

At an official retail price of $215,000, the RM 11-05 already positions itself at the upper tier of the brand's accessible range. On the grey market, however, examples are currently trading near $700,000 — more than three times retail — reflecting genuine scarcity and sustained demand. Adegboyega's choice signals exactly the kind of trophy-tier horological literacy that defines serious watch collectors operating at the highest level.