Why millionaires are investing in luxury timepieces-Richard Mille watches are a safe investment
While still being a younger brand than its rivals, Richard Mille has taken the world of luxury by storm. The original designs, craftsmanship, and overall trait have been the pillars behind its success. It has completely shifted the watch-making industry and now rules it.
Everyone admires the name ‘Richard Mille,’ yet it is rare to spot one on the wrists. Most of the people would see it on the internet worn by Big Businessmen and Celebrities. The designs are classy, and everyone wants to own at least one of them, but at the same time, the Richard Mille prices can’t be ignored. This brings us to the purpose of today’s topic: ‘Why millionares are investing in Richard Mille watches?’
HOW MUCH DO THEY COST?
As we are talking about The Richard Mille watches, it is essential to mention how much they cost. The cheapest of the Richard Mille watches is the RM 005. It costs about $80,000, which makes it the most affordable watch in the brand. The Richard Mille price start from $80,000, and they go up to about $2 Million. But the watches come at a discount of up to 20% if bought as a pre-owned watch.
So what makes these watches so expensive?
Before answering that, lets get a glimpse of the history of Richard Mille.
BRIEF HISTORY OF THE BRAND
The man behind the brand is Richard Mille. Richard Mille started his watch-making career in the 1970s with a company named ‘Finhor.’ Matra bought Finhor in 1981, which was when Richard Mille started to shine. He grew up rank by rank until he was the guy who ran the entire watch-making process.
He left Matra after a decade and joined Mauboussin, a company that aimed to enter the luxury watches industry, as a leader. Towards the start of the 20th century, Richard Mille started his own company, Richard Mille, which we all love and admire today. And the rest is in front of our eyes, a brand which is now the synonym of luxury.
RICHARD MILLE IS THE PERFECT REPRESENTATIVE OF THE BRAND
Although there are many ambassadors of Richard Mille watches, like Rafael Nadal and Roberto Mancini, no one represents the nature of the brand other than the owner himself, Richard Mille. He truly lives the brand. He is a fan of the Formula 1 races and goes around the world in his very own high-end jets. He hangs out with celebrities and athletes and loves to wear his brand. His lifestyle is luxurious, which is precisely what the watches represent.
TOPMOST EXPENSIVE RICHARD MILLE WATCHES
As we just discussed why they are expensive, let’s look at the world’s topmost expensive Richard Mille watches.
RM 051 MICHELLE YEOH RG PHOENIX WATCH
This watch was a collaboration between Richard Mille and Michelle Yeoh. They designed this aesthetic watch for women. Michelle Yeoh used Phoenix on the accessory as a sign of feminism in Asia. Like the other Richard Mille watches, this watch was also limited; only 18 pieces were sold.
This Richard Mille watch price is $900,762.156.
METEORITE WATCH RM-018
This watch was another collaboration between Richard Mille and Jewelry maker Boucheron. This watch was also a limited-time piece, and only 30 of these were made. The technology used inside is tourbillion, and the wheels are made up of Chondrite Meteorite.
This Richard Mille watch price is $1 Million. The high price is because of the fact that the company was recovering from the meteor that hit their factory.
RICHARD MILLE RM 031
The RM 031 has no variants. The platinum case and bulky features speak of adulthood. This watch was made for the daily lives of men. Although only a few could afford its high price.
This Richard Mille watch price is $1,159,295.25.
RED SKULL RM 52-01
This watch speaks of creativity. Richard Mille showcased this series for the edgy looks. The skull is made up of red gold, dissolved in 19 jewels in its mechanical movement.
This Richard Mille watch price is $1,413,040.70, and it comes with 3 limited variants.
PANDA RM 026-1
Another creative design, the Panda RM 026-1, was designed by Richard Mille to showcase the nature and cuteness of Pandas.
As friendly as it seems, this Diamond embedded Richard Mille watch price is $1,592,919.55.
RICHARD MILLE RM 56 SAPPHIRE
The most expensive of the Richard Mille watch is the RM 56 Sapphire. This watch is made entirely out of Sapphire, and it is see-through and uses the Tourbillion movement. Aerospace technology is used to make its straps.
This Richard Mille watch price is $1.65 Million.
A FEW REASONS WHY THE RICHARD MILLE WATCHES ARE SO EXPENSIVE
One of the reasons for the high price is their complex designs. Richard Mille watches use the sandwich-style technique, which makes the case hard and complex to build. The components are curved, which makes them tough to put together. Moreover, the curved parts are fit together very tight so that dust or moisture doesn’t enter the watch. The design comes with comfort and aesthetics. The designs are hand-finished, which is mind-boggling.
Overall, this process is full of complexity and requires the labor of the highest technique, which is another reason it costs so much.
The materials used to make these watches aren’t used in other watch-making companies. These materials are advanced and used in high-risk fields, like aerospace, which is why Richard Mille watches are durable. Another mind-blowing fact is that although it looks very bulky, the watch weighs only about 40 grams.
The demand for these watches is very high as only a limited number of watches are made per year. The high demand is due to its scarcity. The watch being rare and limited contributes a lot to the price. Everyone wants to own at least one of the Richard Mille watches. This also increases the sales.
These Richard Mille watches beat the other luxury brands in designing and collaborations, like Richard Mille McLaren and Rafael Nadal watch, in quality, using Avante-Garde materials, and in being innovative, but above all, a safe investment.