Rolls-Royce announced the addition of a new member to their bespoke collection family, called the Waterspeed. Actually, this car’s full name is Rolls-Royce Phantom Drophead Coupe Bespoke Waterspeed Collection, which is a mouthful. So let’s just call it Waterspeed.

As the name suggests, this car is an homage to a legendary maritime story. It is inspired by the Bluebird K3 hydroplane boat, powered by Rolls-Royce’s R-Type engine, which in 1937 and in the hands of Sir Malcolm Campbell set a speed record for the fastest boat in the world by doing 129.5 mph on Lake Maggiore on the Swiss-Italian frontier.

So Rolls-Royce Phantom Drophead Waterspeed features a bespoke Maggiore Blue colour scheme with hand-crafted wood inlays and brushed steel accents, giving it a similar look to the record-breaking boat. Further details are yet to be released, so we don’t know yet if the Waterspeed features some sort of performance as well. It would be nice though, since it’s a tribute to a speed boat, if the car gets a more powerful engine.

“Sir Malcolm Campbell’s successful pursuit of world-speed records on land and water were the result of his commitment to the most exacting standards of British design and engineering excellence,” said Torsten Müller-Ötvös, Chief Executive Officer, Rolls-Royce Motor Cars. “Such attributes are hallmarks of every Rolls-Royce motor car, ensuring the marque’s position at the pinnacle of super-luxury manufacturing. This special Collection, and those to follow in 2014, serve to display the breadth of Bespoke personalisation available to every Rolls-Royce customer. I very much look forward to revealing these remarkable cars over the coming months.”