Car Collector International
Classic · 1950–2017

Rolls-Royce Phantom

Sixty-seven years of the top Rolls-Royce model line — from the 18-car royalty-only Phantom IV to the 10,327-unit BMW-era Phantom VII.

Car Collector International Editorial
Rolls-Royce Phantom Drophead Coupé, black over cream, front three-quarter view
OverviewVariants & SpecsCollector VariantsBuyer's GuideOwnershipCommon ProblemsAuction ResultsInvestment OutlookRecommended Network
Overview

Why this car matters

This guide covers the four separately-numbered Phantom generations that ran, without direct commercial overlap, from 1950 to 2017: the coachbuilt straight-eight Phantom IV (1950–1956, 18 chassis built), the V8-powered Phantom V (1959–1968, 516 or 518 built — see sourcing note) and its Phantom VI successor (1968–1990/91, 374 built) — the last body-on-frame Rolls-Royces to leave Crewe — and the BMW-era Phantom VII (2003–2017, 10,327 delivered) built at the purpose-built Goodwood plant. The 1998–2002 hiatus between Phantom VI and VII coincided with the Volkswagen/BMW split of Rolls-Royce and Bentley; there was no Phantom in production during those years.

A note on production figures: the coachbuilt totals are drawn from published marque histories and factory-derived museum records. The Phantom IV total of 18 chassis is settled. The Phantom V total is genuinely disputed between 516 and 518, with corresponding small differences in the per-coachbuilder splits; the RREC chassis register is the definitive arbiter, and both candidate figures are shown against each coachbuilder entry below. A much higher figure of 832 circulating in some industry sources is contradicted by every marque history and should be disregarded. The Phantom VI total is 374, and Phantom VII deliveries totalled 10,327 through the January 2017 end of production; per-body-style splits were never published.

The Phantom line is the top-of-marque Rolls-Royce across seven decades. The IV, V and VI are the last true coachbuilt Rolls-Royces — chassis delivered from Crewe, bodied by H.J. Mulliner, Park Ward, Mulliner Park Ward, James Young, Hooper, Franay and (once) Henri Chapron. The VII is the BMW-era ground-up reset that saved the Phantom nameplate. Collectively they define the ceremonial and state-car category from the post-war reconstruction era to the pre-electric present.

Variants

Range and production

VariantYearsProductionNotes
Phantom IV (H.J. Mulliner limousines and cabriolets)1950–19569Chassis 4AF2 (Queen Elizabeth II), 4AF6 (Shah of Iran), 4AF8 / 4CS2 / 4CS4 (Emir of Kuwait), 4AF14 / 4AF16 / 4AF18 (Franco), 4BP7 (Princess Margaret). Per Bennett (2011) chassis table.
Phantom IV (Hooper limousines, Sedanca de Ville, State Landaulette)1950–19567Includes 4AF20 (Aga Khan III, only Phantom IV Sedanca de Ville) and 4BP5 (Queen Elizabeth II State Landaulette, only Phantom IV landaulette). Per Bennett (2011) chassis table.
Phantom IV (Franay cabriolet)19521Chassis 4AF22 (Prince Talal of Saudi Arabia). Only Phantom IV with French-built coachwork. Per published chassis records.
Phantom IV (Park Ward factory pick-up)19521Chassis 4AF4. Never sold externally; scrapped by Rolls-Royce 1963. Published references note the run as 'eighteen made, seventeen sold.'
Phantom V — James Young coachwork (PV15 and PV23 designs)1959–1968197The largest single coachbuilder share of the Phantom V run — 195–197 cars depending on source (PV15 and PV23 designs).
Phantom V — Mulliner Park Ward coachwork (post-1961 merger)1961–1968174Mulliner Park Ward bodied 152–174 cars depending on source following the 1961 merger; includes the State Landaulette (design 2052).
Phantom V — Park Ward coachwork (pre-merger)1959–1961133Pre-merger Park Ward coachwork; 133–156 cars depending on source.
Phantom V — H.J. Mulliner coachwork (pre-merger)1959–19619Pre-merger H.J. Mulliner coachwork; 8–9 cars. H.J. Mulliner was acquired by Rolls-Royce in 1959 and merged into Mulliner Park Ward in 1961.
Phantom V — Other coachbuilders (Hooper, Henri Chapron, Woodall Nicholson)1959–19685Hooper, Henri Chapron and Woodall Nicholson built one or two bodies each; the exact split is not recorded in published sources.
Phantom VI (Mulliner Park Ward limousine and State Landaulette)1968–1990374374 built; last chassis 1990, with final coachwork completed c.1991–92.
Phantom VII Saloon (SWB + EWB, Series I and II combined)2003–201710,327Total deliveries across ALL Phantom VII body styles (Saloon SWB, EWB, Coupé, Drophead Coupé). Per BMW Group annual reports (Phantom VII production table). Production at Goodwood ended January 2017.
Phantom VII Centenary Edition200435Unique 'Dark Curzon' paint used only for these 35 cars and the 100EX prototype; red 'RR' badges; sterling silver Spirit of Ecstasy.
Phantom VII Zenith Collection (final Coupé + Drophead)20165050 units total across both Coupé and Drophead Coupé combined (not 50 of each). Marks the final production run of the two-door Phantom VII body styles.
Collector Variants

Limited & special editions

The models below represent the most significant limited and special edition variants — factory-produced cars that command meaningful premiums over standard examples and warrant specific attention from serious collectors.

Rolls-Royce Phantom IV — complete production run · 1950–1956

18 chassis (17 sold externally; 1 Park Ward factory pick-up scrapped 1963).
Distinguishing features
The only Rolls-Royce with the 5.7L B80 straight-eight engine (a bored-out variant of the military B-series unit). Coachbuilt exclusively for royalty and heads of state — the sole non-royal recipient of a Phantom IV was Ernest Hives, chairman and managing director of Rolls-Royce Limited, who received chassis 4AF12 (Hooper, 1951) and later sold it to Princess Marina, Duchess of Kent. All 18 chassis are individually documented: 9 H.J. Mulliner, 7 Hooper, 1 Park Ward (factory truck), 1 Franay. Every car was effectively bespoke.
Value premium
Effectively a private-treaty market with one to two public sales per decade. The anchor result in the review period is Princess Margaret's Mulliner limousine (chassis 4BP7) at RM Sotheby's A Passion for Elegance ns21 2021 — CHF 2,255,000. Chassis with continuous royal-household provenance sit above this; the Park Ward pick-up (4AF4) is scrapped and cannot re-enter the market.
Inspection points
The straight-eight engine is unique to the Phantom IV and shares almost no service parts with any other Rolls-Royce; specialist support is concentrated at P&A Wood and a small number of RREC-affiliated workshops. Cooling, ignition and gearbox seals are age-related; extremely low-mileage cars are punished by disuse. Coachbuilder-specific bodywork requires inspection by a workshop familiar with the specific builder — panels are not interchangeable between Mulliner, Hooper and Franay cars.
Authentication
RREC / RRAB chassis register cross-check against the 18 known chassis numbers (4AF2–4CS6) is definitive. Bennett (2011) documents each chassis by original recipient and delivery date; a Phantom IV whose chassis number does not match one of the 18 documented cars is not a Phantom IV.

Phantom IV — Hooper State Landaulette (Queen Elizabeth II, chassis 4BP5) · 1954

1 — the only Phantom IV built as a landaulette. Per published chassis records.
Distinguishing features
Delivered 1 May 1954 for the Queen's use; formally purchased by Her Majesty January 1959. Used on multiple overseas royal tours and conveyed bridesmaids at the 1981 and 1986 Royal Weddings. Retired from Royal Mews service 2002.
Value premium
Sold at auction 2018 for £800,000 (per published references). Now trades as one of the two most historically significant Phantom IVs alongside chassis 4AF2 (also Queen Elizabeth II, still in Royal Mews service).
Inspection points
Landaulette folding-hood mechanism and rear-compartment coachwork are one-off Hooper items — no reference car exists for parts pattern-making. Royal-Mews-era service records held by RREC and the current custodian are the reference documentation.
Authentication
Chassis 4BP5 is documented in the RREC Phantom IV register and in Bennett (2011). Provenance is unbroken from delivery through Royal Mews retirement in 2002 and the 2018 public sale.

Phantom V — State Landaulette (Mulliner Park Ward design 2052) · 1965–1968

5 — five original examples produced (Mulliner Park Ward design 2052).
Distinguishing features
Raised rear seat (+3.5 in.) for crowd visibility; full state ceremonial specification with elevated occupant sightlines. Commissioned for royal and diplomatic use. Design number Mulliner Park Ward 2052.
Value premium
RM Sotheby's Arizona 2019 sold chassis 5LVF113 for $445,000 — the strongest public reference for the State Landaulette specifically. Standard Phantom V limousines with James Young coachwork trade in the US$130k–220k band by comparison; the State Landaulette premium reflects both the 5-car scarcity and the raised-seat state specification.
Inspection points
The raised-seat rear compartment and design-2052-specific fit-out are unique — no reference car exists for pattern parts. Coachwork and interior authentication against Mulliner Park Ward original specification is critical; RREC chassis register cross-check for the small population of 5 known chassis is a straightforward pre-purchase step.
Authentication
RREC Phantom V register; RM Sotheby's Arizona 2019 lot description for chassis 5LVF113 documents the design-2052 provenance. The Queen Mother's 'NLT 1' Phantom V (currently used by Charles III) is a standard Landaulette, not a State Landaulette — do not confuse the two body styles.

Phantom V — John Lennon's 'Psychedelic' Rolls-Royce · 1965 (delivered) / 1967 (repainted)

1 — one-of-one unique specification; widely cited as chassis 5VD73.
Distinguishing features
Ordered December 1964 from R.S. Mead Ltd (Maidenhead) with Mulliner Park Ward coachwork; delivered 3 June 1965 in Valentine's Black. Repainted in yellow with Romani-scroll floral livery by J.P. Fallon Ltd (artwork by Steve Weaver) April–May 1967 at a build-cost of £290. Interior modified with double-bed and television during Lennon's ownership.
Value premium
Sold at Sotheby's New York June 1985 for US$2,299,000 to Jim Pattison — a world-record price for a car at auction at that time. Donated to the Province of British Columbia 1987 and permanently displayed at the Royal British Columbia Museum, Victoria, BC. Not expected to re-enter the market.
Inspection points
N/A — museum piece, not tradeable. The car's authentication and conservation is under the custodianship of the Royal BC Museum.
Authentication
Rolling Stone (Runtagh, July 2017), Forbes (Banks, 2017) and Royal BC Museum (2019) collectively documents the ownership chain from Lennon through the Cooper-Hewitt Museum (1977 donation), Sotheby's June 1985 sale, and BC provincial donation. Chassis number 5VD73 is widely cited but not confirmed against a primary Rolls-Royce document.

Phantom VI — State Landaulette (Mulliner Park Ward) · c.1968–c.1988

11 built on the Phantom VI chassis — with the five Phantom V cars, 16 State Landaulettes in total. Confirm any individual car against the RREC chassis register.
Distinguishing features
Same raised-seat (+3.5 in.) state ceremonial specification as the Phantom V State Landaulettes, on the later Phantom VI chassis. The first Phantom VI State Landaulette (chassis PRX4656 per ConceptCarz) was built for Queen Elizabeth II's 1970 Australian tour. Note: Queen Elizabeth II's two personal Phantom VIs — the 1977 Silver Jubilee car (presented by the Society of Motor Manufacturers and Traders) and the 1986 model — are standard limousines, not State Landaulettes.
Value premium
No public auction result for a State Landaulette-specification Phantom VI has been recorded in recent years; standard Phantom VI MPW limousines trading in the US$40k–135k band are the floor reference, with documented royal or diplomatic provenance sitting substantially above.
Inspection points
As Phantom V State Landaulette — raised-seat rear compartment and state-specification fit-out are unique. Coachwork authentication against MPW original specification is critical; the 11-car population makes RREC register cross-check straightforward.
Authentication
RREC Phantom VI chassis register; ConceptCarz's chassis PRX4656 documentation for the 1970 Australia-tour car. Do not confuse standard MPW limousines (including the 1977 Silver Jubilee car) with the State Landaulette body style.

Phantom VI — Sultan of Brunei final State Landaulette (16th of 16) · c.1986 commission / c.1988 delivery

1 — the 16th and final State Landaulette built on any Rolls-Royce Phantom chassis.
Distinguishing features
The last State Landaulette ever built on any Rolls-Royce Phantom chassis — the 16th of 16 total (5 Phantom V + 11 Phantom VI). Required retired coachbuilding craftsmen to be recalled from the closed Willesden factory specifically for this commission.
Value premium
Not publicly traded; remains within the Brunei royal collection per ConceptCarz. No public reference price exists.
Inspection points
N/A — not tradeable in the retail market.
Authentication
RREC Phantom VI register entry for the specific Brunei-delivered chassis; ConceptCarz narrative is the primary retrievable source and should be corroborated against Rolls-Royce Motor Cars build records via RREC before any public sale.

Phantom VII — Zenith Collection (final Coupé + Drophead run) · 2016

50 units total across BOTH Coupé and Drophead Coupé combined (not 50 of each). Per multiple February 2016 press announcements (Autocar, Auto Express, Autoblog); BMW Group PressClub Canada confirms; rrsilverspirit.com Zenith page corroborates. Carscoops (May 2016) confirms all 50 sold-out at announcement.
Distinguishing features
Announced 23 February 2016. Marks the final production run of the two-door Phantom VII body styles. Unique features: glass shelf integrated at tailgate, large champagne cooler, aluminium case engraved with the individual car's VIN, Starlight Headliner with hand-woven stars, brushed-steel speedometer face, blood-orange instrument-dial tips. The final two-door Phantom built (as of the 2017 end-of-production).
Value premium
No public auction result specifically for a Zenith Collection car has yet been recorded. On the general Phantom VII Coupé precedent (BaT Oct-2024 US$106,000 for a standard 2009 Series I Coupé), a Zenith should command a substantial premium reflecting the 50-car cap and final-two-door status. Standing dealer asks reported in specialist press sit well above the standard-Coupé range.
Inspection points
Verify the Zenith-specific items are all present and factory-original: engraved aluminium case, glass tailgate shelf, brushed-steel speedometer, blood-orange dial tips, champagne cooler. Rolls-Royce Motor Cars at Goodwood retains the individual build sheet by VIN — this is the definitive reference for factory specification.
Authentication
Rolls-Royce Motor Cars Goodwood build-sheet extract by VIN is definitive; the Zenith-specific engraved aluminium case carries the individual car's VIN as a physical authentication artefact.

Phantom VII — Centenary Edition (2004) · 2004

35 units worldwide. 35 units per published references; no external primary source located.
Distinguishing features
Commissioned to celebrate the Rolls-Royce centenary (marking the 4 May 1904 meeting of C.S. Rolls and F.H. Royce). Exclusive 'Dark Curzon' paint used only for these 35 cars and the earlier 100EX prototype. Red 'RR' badging (referencing the first 25 years of the company). Sterling silver Spirit of Ecstasy mascot.
Value premium
Two public sales anchor the Centenary market: US$115,000 at Bonhams' Abu Dhabi auction in November 2023 and €138,000 at Bonhams' Paris sale in February 2024 — both comfortably above comparable standard Series I saloons.
Inspection points
Verify original Dark Curzon paint (spectrographic paint-depth reading vs factory reference) and sterling silver mascot; the red 'RR' badges are the most-commonly-missing item. Rolls-Royce Motor Cars Goodwood build sheet by VIN is definitive.
Authentication
Goodwood build-sheet extract by VIN; the Dark Curzon paint is the strongest single physical authentication point (used only on these 35 cars and 100EX).
Buyer's Guide

What to look for

Provenance and originality

Start with identity, paperwork and originality. For the Rolls-Royce Phantom, the strongest cars have continuous ownership history, matching numbers where applicable, original books and tools, factory build documentation and evidence of work by manufacturer-approved specialists. Documented Rolls-Royce Motor Cars build records (Bentley Heritage / Rolls-Royce Enthusiasts' Club chassis registers for IV/V/VI; Rolls-Royce Goodwood build-sheet extract for VII), original coachbuilder identity, matching engine/chassis numbers and — critically — verifiable delivery provenance are the value anchors. For state-car candidates, the paper trail from Royal Mews, embassy fleet records or corporate ownership is the difference between a market-price car and a top-of-market one.

Mechanical inspection priorities

IV: 5.7L straight-eight (unique to the Phantom IV among all Rolls-Royces), extremely low-mileage cars punished by disuse — cooling, ignition and gearbox seals are all age-related items. V/VI: 6.2L (early V) then 6.75L pushrod L-series V8, robust mechanically but requires specialist ignition, cooling and hydraulic service; brake-hydraulic pipework and Girling power-brake spheres are recurring items. VII: 6.75L BMW N73 V12 (unique to Phantom VII, not shared with any other BMW-group car); ZF 6HP (Series I) then 8HP (Series II) automatic; electronic ride-height and air-suspension are the expensive-to-fix items. A proper pre-purchase inspection includes cold-start behaviour, ECU diagnostics and fault-code history (where applicable), leak-down or compression testing, underbody photography, suspension and chassis inspection, brake condition and a long enough road test to expose heat-related faults. Deferred maintenance on a car of this class is almost always more expensive than buying a better-sorted example.

Body, paint and accident history

Use a paint-depth gauge, lift access and a specialist familiar with the model's factory panel gaps and finish standards. Collector value is dramatically affected by structural repairs, refinished panels, poor paintwork and missing factory trim or option content. Documented cosmetic refresh is acceptable; concealed accident or fire damage must be priced severely.

Specification strategy

Coachbuilder identity drives most of the value on IV/V/VI; provenance drives the rest — royal, presidential, celebrity and diplomatic delivery histories separate the top-tier cars from otherwise-similar chassis. On the Phantom VII, Series I vs Series II, EWB vs SWB, and the two capped runs (Centenary 35, Zenith 50) are the discriminators; standard high-mileage Series I saloons are the accessible entry point. Specification, colour, options and limited-build variants move values significantly. Buy the best-documented example in the most desirable specification you can justify, rather than a tired example of a rarer derivative that will need years of corrective work.

Ownership

Living with it

Typical mileage
1,000–4,000 miles typical for collector use
Service interval
12 months; mileage interval varies by model and use
Annual running cost
$5,000 – $18,000
Fuel economy
15–28 mpg depending on use
Insurance
Use an agreed-value collector or specialist supercar policy with limited mileage, secure storage, documented photography and an annual value review. Premiums vary sharply by age, storage location, declared value and driver profile.

Maintenance planning

Budget annually even if the car is used sparingly. Fluids age, tyres and date-coded rubber components must be replaced regardless of mileage, and stored cars need exercise. A documented maintenance rhythm protects both reliability and resale value.

Parts and specialist access

P&A Wood (Dunmow), Fiennes Restoration, Frank Dale & Stepsons, Introcar and Royce Engineering in the UK; Carriage House Motorcars and specific Rolls-Royce Motor Cars main-dealer service points in North America; the Rolls-Royce Enthusiasts' Club (RREC) chassis registers are the definitive record for IV/V/VI. Rolls-Royce Motor Cars at Goodwood retains full build records for every Phantom VII by VIN and remains the reference point for that generation. Before purchase, confirm parts availability for model-specific bodywork, electronics, gearbox and engine components. A discounted car waiting on unobtainable parts or a factory service slot is rarely a saving in collector ownership.
Common Problems

Known issues by system

Cooling (IV/V/VI)

Age-related radiator, hose and header-tank failure

Major£3,000 – £8,000
Symptoms — Overheating at idle, coolant loss with no visible leak.
Inspection — Pressure-test entire system, inspect for internal head-gasket weep on 6.75L V8.
Brake hydraulics (V/VI)

Girling power-brake sphere and mineral-oil circuit degradation

Major£2,000 – £6,000
Symptoms — Long pedal, brake warning light, hydraulic seepage at accumulators.
Inspection — Full mineral-oil circuit inspection; spheres are wear items with 5–10 year life.
Coachwork (IV/V/VI)

Sill, wheel-arch and A-post corrosion beneath aluminium body panels on steel-framed cars

Critical£20,000 – £80,000+
Symptoms — Bubbling paint at sill edges, uneven panel gaps, structural sag at door apertures.
Inspection — Lift inspection with a specialist familiar with the specific coachbuilder's construction.
Interior (IV/V/VI)

Bespoke coachbuilder trim, headliner and unique switchgear irreplaceable in original form

Major£15,000 – £70,000 (partial re-trim to concours)
Symptoms — Missing / non-original wood veneers, incorrect headlining, replacement switchgear from later Rolls-Royces.
Inspection — Photographic comparison to coachbuilder original specification; consult RREC or Bentley Heritage records.
Air suspension (VII)

Air-strut, compressor and level-sensor failure

Major$4,000 – $10,000 per corner
Symptoms — Car sitting low overnight, ride-quality complaints, air-suspension warning message.
Inspection — Cold-start height check, diagnostic scan for level-sensor faults; front struts commonly fail first.
Fuel system (VII)

In-tank fuel pump failure (both banks)

Major$15,000 – $22,000
Symptoms — Extended crank, fuel-pressure warning, no-start.
Inspection — Fuel pressure test both banks; pumps are labour-intensive to replace ($15,000–$20,000 documented on BaT lots).
Electronics (VII)

Instrument cluster, DME (engine ECU) and iDrive-generation infotainment faults

Moderate$2,500 – $8,000
Symptoms — Cluster warning-lamp storms, iDrive lockups, radio/telephone failure.
Inspection — Full BMW-diagnostic scan by a Rolls-Royce Goodwood-approved workshop; verify all recall campaigns closed.
Auctions

Recent results

DateAuctionCarMileageResult
2026-03-05
Gooding & Co.
Amelia Island 2026, Lot 37
1967 Phantom V Limousine
Current-market Phantom V comparable.
—
$89,600
Sold
2024-11-25
Bring a Trailer
BaT Online Auction #172,030
2004 Phantom VII Saloon (SWB, Series I, early production year)
Phantom VII SWB Series I saloon reference; instrument cluster replaced Aug 2024; fuel pumps replaced ~$18k June 2024.
12,000 mi
$81,000
Sold
2024-11-03
Bring a Trailer
BaT Online Auction #169,190
2009 Phantom VII Extended Wheelbase Saloon (Series I, Jubilee Silver Metallic with matte-black upper wrap)
Phantom VII EWB reference; front air struts, control arms, DME and batteries replaced pre-sale.
39,000 mi
$97,000
Sold
2024-10-09
RM Sotheby's
Hershey 2024 (hf24), Lot 324
1960 Phantom V one-off 'Rivers' Limousine by Henri Chapron (LHD, chassis 5LAT4, ex-Petersen Automotive Museum, ex-Marty and Margaret Skouras Martyn)
Phantom V unique-coachbuilder reference — the only Chapron-bodied Phantom V.
Original throughout (Van Cleef & Arpels barware retained)
$74,250
Sold
2024-10-04
Bring a Trailer
BaT Online Auction #165,452
2009 Phantom VII Coupé (Series I, Diamond Black over tan, Zebrano/Starlight/Lexicon)
Phantom VII Coupé reference; June 2013 Carfax animal-strike note disclosed on listing.
39,000 mi
$106,000
Sold
2024-06-12
RM Sotheby's
Cliveden House 2024 (ch24) — Jody Scheckter Collection, Lot 322
1972 Phantom VI Limousine by Mulliner Park Ward (RHD, chassis PRH4661, ex-Jody Scheckter)
Phantom VI provenance-floor reference (ex-Scheckter).
£8,745 A&S Engineering major service Q1 2020
£36,800
Sold
2024-02-01
Bonhams
Les Grandes Marques du Monde à Paris, Lot 146
2004 Phantom VII Centenary
—
€138,000
Sold
2023-11-25
Bonhams
On The Grid — The Abu Dhabi Auction, Lot 30
2004 Phantom VII Centenary Edition
—
$115,000
Sold
Investment

Long-term outlook

Blue ChipHorizon: 10+ years

Coachbuilt-era Phantoms (IV/V/VI) are provenance-anchored blue-chip assets in the ceremonial-car category; the Phantom IV specifically is thin-traded but each of the 18 has an individually documented royal or head-of-state history. Phantom V James Young and Mulliner Park Ward State Landaulettes are the value cars within the standard-body coachbuilt market. Phantom VII Series I saloons trade at retail-utility values today; Zenith Collection (50) and Centenary Edition (35) are the two capped runs with clear collectability signals for the VII generation, and are likely to separate from the standard-saloon curve over a 10-year horizon.

Our view, not advice. This section is Car Collector International's editorial judgement on where this model sits in the collector market, based on the production, specification and market data set out in this guide. It is not a recommendation to buy or sell and it is not investment advice. Values can fall as well as rise.

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The valuation figures in this guide are for research purposes only and do not constitute financial or investment advice. See our full disclaimer.