American football player Tom Brady spotted wearing a Richard Mille

Tom Brady was photographed alongside Michael Rubin during a casual lunch outing, and as is increasingly expected with the NFL legend, his wrist told its own story. On it sat a titanium Richard Mille RM 11-03 Flyback Chronograph — one of the Swiss manufacturer's most mechanically ambitious production references and a piece that trades well above its already substantial list price on the secondary market.

The Richard Mille RM 11-03 is built around the in-house RMAC3 caliber, a skeletonized automatic movement beating at 28,800 vph and offering a power reserve of approximately 55 hours. Beyond the flyback chronograph complication, the movement incorporates an annual calendar with GMT function — a genuinely useful trio of complications packaged into a case measuring 50mm × 40mm × 16mm. The grade-5 titanium case keeps the watch remarkably light given its size, and the multi-layered dial architecture gives the RM 11-03 that immediately recognizable visual depth Richard Mille collectors pursue. The reference replaced the RM 11-02 and brought with it refinements to the movement architecture and case finishing.

Among collectors, the RM 11-03 occupies a credible position within the Richard Mille catalog — it is not a limited edition, but its mechanical complexity and the brand's constrained production volumes ensure that supply never keeps pace with demand. The titanium variant sits at the accessible end of the RM 11-03 family, with precious metal and gem-set versions pushing prices substantially higher. Grey market premiums above list price have remained consistent, reflecting both the brand's deliberate scarcity management and sustained appetite from high-net-worth buyers globally.

Brady is no casual Richard Mille wearer. The brand famously created the RM 40-01 Automatic Tourbillon McLaren Speedtail in collaboration with his former team and has long cultivated relationships with elite athletes. A titanium RM 11-03 in Brady's collection reads as a functional everyday choice by his standards — understated relative to tourbillon pieces, yet still unmistakably RM.

At a list price of $205,000 and a current grey market value tracking around $312,000, the titanium Richard Mille RM 11-03 Flyback Chronograph represents roughly a 52 percent premium over retail — a figure that speaks plainly to where demand for this reference currently sits.