The Rolls-Royce Phantom Drophead Coupé is a luxury grand tourer manufactured by Rolls-Royce that debuted at the 2007 North American International Auto Show in Detroit, Michigan, on 7 January 2007. It is based on the 2003 Rolls-Royce Phantom and has styling heavily derived from the 100EX, a concept car shown to celebrate the company's centennial in 2004. In 2015 it was the most expensive Rolls-Royce model at $533,000. Several Drophead Coupés were used in the 2012 Summer Olympics closing ceremony.
The exterior resembles that of the 100EX. The 2-door 4-seat convertible has rearward opening coach doors and a two-tone colour scheme that distinguishes between the upper and lower bodywork and frames the teak wood panelling of the convertible's tonneau cover. However, it eschews the EX's aluminium bonnet in favour of more easily maintained stainless steel.
The front fascia resembles that of the 100EX but its middle bodywork/raised bonnet/grille assemblage stops midway down rather than continuing downwards and bisecting the front bumper. The headlamps are also those of the 100EX/101EX concept and are similar to the Phantom's. The deep-set rectangular high beams are LED units while the round "faux-foglamp" driving lights are projector-style xenon arc lamps. The exterior is available in more than 44,000 colour combinations.
It combines aluminium technology and hand-crafted materials. As with other current Rolls-Royce models, the hood ornament, the Spirit of Ecstasy, automatically retracts into the bonnet whenever the car is locked or whenever the driver so chooses.
In its first year on the market (2007), 253 Drophead Coupés were sold worldwide.
The first car destined for the U.S. market was auctioned at the 2007 Naples, Florida Winter Wine festival charity for $2 million, of which $1.6 million went to the Naples Children and Education Foundation. Bought by a local real estate developer, this was believed at the time to be the most expensive new car ever sold in the U.S.