Although the luxury brand has resisted the trend toward carbon fiber in the past, the latest creation of Rolls-Royce’s Bespoke division is the Phantom Drophead Coupé Waterspeed Collection, which has a steel and carbon fiber trim. This new creation is a tribute to Sir Malcolm Campbell’s water-speed record of 1937, according to a recent article by DigitalTrends.com.

“Rolls loves to mine history for self-aggrandizing moments of glory, and this is a pretty good one. Campbell achieved 129 mph on Lake Maggiore in the Rolls-powered Bluebird K3, giving Britain the water-speed record and becoming a legend in the process.

Campbell actually set the water-speed record four times, and achieved multiple land-speed records as well.

So how will Rolls translate all of that history into a car?”

The Waterspeed Collection is expected to follow the same formula as other special-edition Rolls-Royce cars with several cosmetic enhancements and a very limited production runs.

The cars will reportedly get a model-specific paint color called Maggiore Blue, as well as brushed steel and carbon fiber trim.

As with other special edition models like the diamond-encrusted Celestial Phantom sedan, the Waterspeed Collection will show off the capabilities of Rolls’ Bespoke division, which personalizes cars for individual customers. Only 35 cars will be built. The Phantom Drophead Coupé Waterspeed Collection will be available later this year, with the first production model set to appear at the 2014 Paris Motor Show in October.