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1934 Rolls Royce Phantom II In Yellow This magnificent Rolls Royce was parked along the gates of the Biltmore House. The Rolls-Royce Phantom II was the third and last of Rolls-Royce's 40/50 hp models, replacing the New Phantom in 1929. It used an improved version of the Phantom I engine in an all-new chassis. A Continental version, with a short wheelbase and stiffer springs, was offered.