Phantom III

Twelve cylinders before war

The Phantom III replaced the straight-six with a 7.3-litre V12 and independent front suspension. This ambitious pre-war Phantom is scarce and expensive to put right; coachwork and engine history carry equal weight.

Market value · road

$42K$207K

Typical $86K · 12 sales · +36% vs ’19–’21

$31K$363K
Open Market & Price

Market value · road

$42K$207K

Typical $86K · 12 sales · +36% vs ’19–’21

$31K$363K
’03’26
Market history · in the terminal
Open Market & Price
Engine
7'338 cc (60-degree overhead-valve V12)
Power
165 hp (factory early figure · 180 later)
Gearbox
4-speed (manual · synchromesh on upper ratios)
Front suspension
Independent (coil springs · unequal wishbones)
Wheelbase
142 in (3'607 mm)
Ignition
Twin (24 spark plugs)

Market & Price

The price and the proof

A terminal for one car: the model curve over the documented record, the benchmarks it is measured against, and the instruments that read it.

Records: 45 documented road sales on file · 2003–2026; estimate band $42K–$207K · good road cars. recorded sale prices · mixed hammer and premium-inclusive basis.

HCN:PHANTOMILive model
$86'103-57.6% · 12M
$50K$100K$200K20182020202220242026CovidRate shockS&P 500
Model curve · anchored to 45 documented salesnot investment advice
The readouts · model figures against the benchmarks45 documented anchors · last sale 1 mo ago

Compound annual growth

WindowThis car*S&P 500Gold
1Y-57.6%+18.8%+21.9%
5Y-8.5%+11.4%+17.6%
10Y+4.1%+13.3%+11.8%

*Modeled price CAGR · S&P is a price index, no dividends

Deepest drawdown · model window

This car*-99.6%Jul 2003Aug 2004 · recovered Jun 2014
S&P 500-50.8%Oct 2007Mar 2009 · recovered Mar 2013
Gold-39.3%Sep 2011Dec 2015 · recovered Jul 2020

Forecast ladder · model quantiles

HorizonP10P50P90
+6M$70K$85K$104K
+12M$65K$85K$111K
+24M$57K$83K$121K

Median path with the 10th and 90th percentile · not investment advice

Transaction ledger · documented sales

45 of 45 recorded sales · shown in USD · recorded currency in each record

Body rarity creates the headline; engine condition decides whether the price survives inspection.

Price range · road · openConfidence · lowThe band is an editorial range for complete cars with period coachwork, documented engine work and no immediate major mechanical need. Public results span ordinary formal bodies, rare coupes and concours cars; deferred V12 work can move a car below the range despite good cosmetics.

Floor

$42K

Typical

$86K

Ceiling

$207K

Estimate band for good road cars. 12 documented sales since 2019 plotted below.

$30K$42K$86K$207K$366K
Hover the spectrum to read a value, or a dot for the sale behind it.

Band and axis shown in USD. Sale positions use indicative fixed-rate conversion to USD; sale readouts retain recorded currencies. USD. The rarest original sporting bodies can exceed the band. Formal limousines and cars requiring engine work can fall below it.

The wider market · Rolls-Royce at auction · median per year · modeled between anchors1,385 lots · 2003–2026 · exact yearly anchors · modeled line

Instrument calibration for this file is in progress — the terminal above reads the documented record directly.

The ledger contains two documented auction sales selected to show coachwork dispersion, not to imply a computed model average.

Overview

The six-cylinder line ended with a V12

By the early 1930s, American luxury makers were offering straight-eights, V12s and V16s. Rolls-Royce answered with a shorter aluminium V12 that delivered more power while preserving the low-speed silence expected of a Phantom.

Henry Royce worked on the project before his death in 1933. The production car arrived in 1936 with independent front suspension, twin ignition and a larger passenger package on a shorter wheelbase than the Phantom II.

War stopped civilian chassis production in 1939, although coachbuilders finished and delivered cars later. Rolls-Royce gives 710 production examples; registry totals often state 727 chassis when experimental cars are included. Each surviving chassis therefore needs separate study: some retain their first body and drivetrain, while others have been rebodied or mechanically altered during long post-war lives.

Built
710 · factory figure
Cylinders
12
Spark plugs
24
Factory
Derby
Body
Coachbuilt

Reference

Technical specifications

Powertrain

Engine
7'338 cc 60-degree V12aluminium alloy, pushrod overhead valves
Power
165 hp, rising to 180 hpfactory heritage figures for early and later cars
Ignition
Twin distributors and coilstwo spark plugs per cylinder
Fuel supply
Twin SU electric pumps
Gearbox
4-speed manualsynchromesh on second, third and fourth; an overdrive ratio arrived in 1938

Chassis

Wheelbase
142 inshorter than the standard Phantom II chassis
Front suspension
Independent unequal wishbonescoil springs and hydraulic damping
Rear suspension
Live axle with semi-elliptic leaf springs
Brakes
Four-wheel mechanical drumsservo-operated
Service equipment
On-board jacking and one-shot lubrication

Production record

Production cars
710current Rolls-Royce factory history; registry totals often state 727 chassis including experimental cars
Body delivery
Into the 1940scoachbuilding continued after chassis production stopped; the last completed car was delivered in 1947
Survivors
Approximately 650published registry estimate, not a factory audit

The records

0

production cars

Rolls-Royce factory figure; 727 including experimental cars is also cited

0

spark plugs

two per cylinder

0hp

later factory output

165 hp on early cars

HICON BID

Buying interest, silently.

A HICON Bid is a confidential expression of buying interest on the Rolls-Royce Phantom III file — never public, never shown to other members. It is not a binding purchase, and HICONIUM holds no funds.

Sign in

HICON Bids are a member instrument. Sign in to place one.

The vault

Open a file on yours.

You keep one? The record starts in your garage — identity, papers, photography, and the market evidence this file already carries, bound to your chassis.

The cars

The Phantom III register

Documented individual cars — chassis, colour, ownership and sale history. Open one for its full provenance. Public records only; members see the complete registry.

03 documented · public records

The hands

The people behind the car

The people whose work shaped the Rolls-Royce Phantom III.

Henry Royce

Founding engineer and project contributor

Worked on the Phantom III programme during its early development before his death in 1933.