Rolls-Royce Motor Cars revealed a sketch of the Bespoke Waterspeed Collection, a series of 35 Phantom Drophead Coupés that seeks to celebrate Sir Malcolm Campbell’s waterspeed record set in 1937.

On September 1st, 1937, British racing motorist and motoring journalist Sir Malcolm Campbell set the water speed world record on a Bluebird K3 hydroplane boat, powered by Rolls-Royce’s R-Type engine.

Now Rolls-Royce has announced a tribute edition developed by the in-house Bespoke Department The Bespoke Waterspeed Collection will consist of a series of 35 Phantom Drophead Coupés characterized by exclusive materials and details, including nautical-inspired hand-crafted wood inlays and brushed steel elements matched to the exclusive “Maggiore Blue” color scheme.

“I am delighted that Rolls-Royce Motor Cars has chosen our grandfather’s iconic Bluebird Waterspeed boats as inspiration for this special Collection. I am certain Sir Malcolm would be extremely flattered to see his name still closely associated with such a prestigious brand 75 years after his last world Waterspeed Record”, said Donald Wales, Campbell’s grandson.

The Rolls-Royce Phantom Drophead Coupe Bespoke Waterspeed Collection will be produced in just 35 units and the model should cost $500,000. Torsten Müller-Ötvös, Chief Executive Officer, Rolls-Royce Motor Cars, commented “This special Collection, and those to follow in 2014, serve to display the breadth of Bespoke personalisation available to every Rolls-Royce customer.”