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Richard Mille

Great summary!

 

Except, let's not push that pricing error story that's completely detached from reality ... Early Richard Mille tourbillions and chronographs were made at Renaud & Papi, and even if pricing was aggressive it was not out of line relative to similar pieces by AP (early RM partner / investor). The idea that somehow early RMs would be priced at small fraction of AP watches with comparable movement, in fact below manufacturing costs, is ridiculous.

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