BMW has come out with a new special edition vehicle, but the real reason to celebrate is the fact that it is a new member of the German company’s 7 Series lineup. The official name of the new car is the BMW Individual M760i xDrive Model V12 Excellence THE NEXT 100 YEARS.

The new 760i was equipped with a 12-cylinder monster of an engine that makes 601 horsepower before it was sent to the BMW Individual Group to come up with a bespoke interior that takes luxury to an entirely new level with materials like Merino leather and Alcantara stealing the show.

If purchasing the once-in-a-lifetime BMW wasn’t enough of a treat, new owners will also receive a custom-made Montblanc fountain pen that is finished in the specially created-for-this-model Centennial Blue and a rhodium-plated gold nib that has been engraved to match the stitching.

The centennial model will have a limited production of only 100 examples, with only 5 of those set to be available in the United States. No price has been released, but judging the model it is based on and the uniqueness of the vehicle, THE NEXT 100 YEARS is likely to cost more than $150,000.