BMW’s Concept Skytop unveiled in May during the 2024 Concorso d’Eleganza Villa d’Este in Italy is headed for production, the automaker said on Friday.

Just 50 examples are planned, and all build slots are already claimed. A price tag wasn’t announced.

The Skytop is likely based on the platform of the 8-Series Convertible, and BMW has confirmed it runs the same 617-hp twin-turbocharged 4.4-liter V-8 fitted to the M8 Competition Convertible.

Not a single body panel is shared with the 8-Series, though. Instead, the two-seat Skytop features a unique design inspired by past open-top BMW icons like the 503, 507, and Z8. There’s also no conventional convertible roof on the Skytop; instead, the car features a targa design with roof panels that need to be manually removed.

BMW only last year built a limited run, again 50 examples, of a modern 3.0 CSL based on the platform of the 4-Series. And the automaker’s design chief, Adrian van Hooydonk, said at the reveal of the Skytop that the automaker is open to similar projects in the future.

While the practice of building limited-production models using existing platforms has been commonplace at exotic brands like Ferrari and Rolls-Royce for years, more mainstream luxury brands like BMW and Mercedes-Benz have recently started exploring the potential. Mercedes plans a series of limited-production models, which it calls the Mythos series, and the first member will be a speedster based on the platform of the SL-Class convertible.