Boxer Canelo Álvarez spotted wearing a Richard Mille

Canelo Álvarez celebrated his WBO Super-Welterweight Championship win over Liam Smith with more than just a title belt on his wrist. The Mexican boxing star was photographed sporting a Richard Mille RM011 AM RG 'Felipe Massa' featuring a rare ivory-toned dial — a combination that sits at the upper register of even Richard Mille's famously stratospheric catalogue.

The RM011 holds a singular place in Richard Mille's history: it was the maison's inaugural flyback chronograph, launched in partnership with Ferrari Formula 1 driver Felipe Massa and first presented in 2007. The movement, calibre RMAC1, is a skeletonised automatic flyback chronograph with annual calendar and GMT function — a genuinely complex horological package executed in a tonneau-shaped case that measures 50mm × 40mm. In rose gold, the case carries considerable heft and presence, though the grade 5 titanium architecture typically used in sister references keeps the overall construction rooted in aerospace materials philosophy. The column-wheel flyback mechanism and annual calendar were designed to function under the extreme vibration loads of an F1 car, a brief that translates naturally to the ring.

Among collectors, the RM011 'Felipe Massa' in rose gold represents one of the more covetable references in the RM011 family. The ivory dial variant adds an additional layer of rarity; the warm, off-white tone contrasts with the red chronograph seconds hand and skeletonised movement architecture in a way that photographs exceptionally well without feeling garish. It is the kind of detail that separates a standard-catalogue piece from a watch that commands a second look on the grey market.

Canelo is no casual watch wearer. The Guadalajara-born champion has been documented wearing Richard Mille across multiple fight weekends, and his relationship with extreme-luxury sports watches mirrors his status as one of boxing's highest-paid athletes. Choosing the RM011 for a championship celebration is consistent with a collector who understands both the brand's motorsport heritage and its cultural currency in professional sports.

The Richard Mille RM011 AM RG 'Felipe Massa' carries a UK list price of approximately £106,500. On the secondary market, rose gold examples with desirable dial configurations have consistently traded above retail, with ivory-dial variants attracting particular attention from collectors who prioritise rarity within an already limited production run.