Phantom I

Overhead valves, bespoke bodies

The New Phantom replaced the Silver Ghost's side-valve engine with a 7.7-litre overhead-valve six and retained much of its chassis logic. British and American cars differ; coachwork decides character and value, not chassis year.

Market value · road

USD 72,911.59–USD 333,091.03

Typical USD 166,152.22 · 33 sales · +2% vs ’19–’20
USD 23,040USD 996,525
Open Market & Price

Market value · road

USD 72,911.59–USD 333,091.03

Typical USD 166,152.22 · 33 sales · +2% vs ’19–’20
USD 23,040USD 996,525
’03’26
Market history · in the terminal
Open Market & Price
Engine
7'668 cc (overhead-valve inline-six)
Power
95 bhp (period figure · specification varied)
Gearbox
3- or 4-speed (Springfield or Derby)
Brakes
Four-wheel drums (mechanical · servo-assisted)
Body
Coachbuilt (chassis supplied by Rolls-Royce)
Drive
Rear-wheel drive (torque-tube final drive)

Market & Price

Rolls-Royce Phantom I price & market value

The Rolls-Royce Phantom I reference estimate is USD 72,912–USD 333,091 (Sept 2026). The file contains 101 documented road sales, with individual specifications recorded separately. Actual prices depend on specification, condition and provenance; this range is not an offer or a confirmed sale price.

Records: 101 documented road sales on file · 2003–2026; estimate band USD 72,911.59–USD 333,091.03 · good road cars. recorded sale prices · mixed hammer and premium-inclusive basis.
HCN:PHANTOMILive model
$166'15241.1% · 12M
USD 20,000USD 50,000USD 100,000USD 200,000USD 500,000USD 1,000,00020182020202220242026CovidRate shockFORECASTS&P 500
Model curve · anchored to 101 documented salesnot investment advice

Model forecast · 16 Jul 2027

12 months from the model baseline

Lower · P10
USD 134,045.94
-19.3% vs baseline
Median · P50
USD 175,067.93
+5.4% vs baseline
Upper · P90
USD 228,643.84
+37.6% vs baseline

Model data: Jul 2026 · 101 documented sale anchors. Modeled history between documented sales.

How to read this forecast

P50 is the model median. The outer shading spans P10–P90; the darker band spans P25–P75. These are model quantiles, not verified probabilities or observed sale prices. The calculation extends the modeled trend and volatility; it does not include new listings, vehicle condition or transaction costs.

The readouts · model figures against the benchmarks101 documented anchors · last sale 1 mo ago

Compound annual growth

WindowThis car*S&P 500Gold
1Y+41.1%+18.8%+21.9%
5Y-3.7%+11.4%+17.6%
10Y+10.5%+13.3%+11.8%

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

Deepest drawdown · model window

This car*-99.1%Mar 2013 → Oct 2016 · not recovered
S&P 500-50.8%Oct 2007 → Mar 2009 · recovered Mar 2013
Gold-39.3%Sep 2011 → Dec 2015 · recovered Jul 2020

Forecast ladder · model quantiles

HorizonP10P50P90
+6MUSD 140,588.95USD 170,551.82USD 206,900.5
+12MUSD 134,045.94USD 175,067.93USD 228,643.84
+24MUSD 126,644.81USD 184,462.05USD 268,674.63

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

Transaction ledger · documented sales

101 of 101 recorded sales · shown in USD · recorded currency in each record

Coachbuilder, body originality and build records matter more than model year.

Price range · road · openConfidence · lowThe band is an editorial range for complete, correctly identified cars with usable mechanicals and credible coachwork history. Two public sales demonstrate how a standard Springfield body and a one-off British body with royal provenance occupy different markets.

Floor

USD 72,911.59

Typical

USD 166,152.22

Ceiling

USD 333,091.03

Estimate band for good road cars. 33 documented sales since 2019 plotted below.

USD 22,560USD 72,911.59USD 166,152.22USD 333,091.03USD 1,006,200
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. Exceptional sporting one-offs can exceed the band; formal bodies, altered cars and deferred mechanical 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 is evidence of dispersion, not a price index. Both entries are documented auction sales, but neither represents every Phantom I body style.

Overview

The first Phantom was sold as new, not numbered

Rolls-Royce announced the New Phantom in The Times on 2 May 1925. The notice simultaneously made Silver Ghost the official name of the outgoing 40/50 H.P. and introduced Phantom for its replacement.

The new overhead-valve engine answered the limits Henry Royce had identified in the Silver Ghost. The rolling chassis still left the owner's coachbuilder to determine whether the finished car was a compact owner-driver body, an open tourer or a formal limousine.

Derby moved to Phantom II in 1929, but Springfield continued building its version until 1931. The Phantom I label is retrospective, adopted to distinguish the New Phantom after the second generation appeared.

Original name
New Phantom
Built
3'512
Derby chassis
2'269
Springfield chassis
1'243
Engine layout
OHV six

Reference

Technical specifications

Powertrain

Engine
7'668 cc inline-sixpushrod overhead valves and detachable cylinder head
Power
95 bhp at 2'750 rpmperiod auction-catalogue figure for documented examples; Rolls-Royce did not standardise published output across the whole run
Derby gearbox
4-speed manual
Springfield gearbox
3-speed manualcentral change on American cars
Ignition
Dualcoil and magneto systems

Chassis

Frame
Separate ladder chassisclosely related to the Silver Ghost layout
Front suspension
Semi-elliptic leaf springs
Rear suspension
Cantilever leaf springs
Brakes
Four-wheel mechanical drumsgearbox-driven servo assistance
Wheelbases
143.5 to 150.5 inlong-wheelbase dimensions differed between Derby and Springfield

Production record

Derby
2'269 chassis1925 to 1929
Springfield
1'243 chassis1926 to 1931; some published references give 1'240 or 1'241
Combined
3'512 chassisthe commonly cited total using 2'269 plus 1'243

The records

0cc

overhead-valve six

largest engine yet in a Rolls-Royce passenger chassis

0

combined production

Derby and Springfield

HICON BID

Buying interest, silently.

A HICON Bid is a confidential expression of buying interest on the Rolls-Royce Phantom I 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 I register

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

08 documented · public records

The hands

The people behind the car

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

Henry Royce

Chief engineer

Began work on the Silver Ghost's replacement in the early 1920s and directed the New Phantom's engineering development.

Claude Johnson

Managing director

The marque's naming and publicity strategist; Rolls-Royce's heritage account attributes the Phantom name to him, while noting that documentary proof is absent.