Rumors that Ferrari has been developing a convertible version of the 812 Superfast to rival the Aston Martin DBS Superleggera and Lamborghini Aventador SVJ Roadster have been rife since last year, but now it's finally arrived. Debuting alongside the new F8 Spider today is the Ferrari 812 GTS – say hello to the most powerful production convertible ever made.

What also makes the 812 GTS so special is that this is the first V12-powered Ferrari spider to enter series-production in 50 years since the 1969 365 GTS4, also known as the Daytona Spider. However, four limited-edition V12 Ferrari spiders have launched since then: the 550 Barchetta Pininfarina in 2000, the Superamerica in 2005, the SA Aperta in 2010 and, most recently, the F60 America, which was limited to 10 examples to celebrate Ferrari's 60th year in the US market.

Like its hardtop sibling, the 812 GTS is powered by a naturally-aspirated V12 with an increased 6.5-liter displacement, producing 789 horsepower at an ear-splitting 8,500 rpm and 530 lb-ft of torque. 80 percent of maximum torque is available at just 3,500 rpm. Acceleration is nearly on par with the 812 Superfast, as the GTS will hit 0-62 mph in less than three seconds and 0-124 mph in 8.3 seconds. Top speed is capped at 211 mph. To make the car comfortable with the roof down at these hair-raising speeds, Ferrari has also fitted an electric rear screen that acts as a wind-stop.

For the spider version of the 812 Superfast, the entire rear of the car has been redesigned including the roof, tonneau cover and luggage compartment to accommodate two large buttresses that store the folding hard-top roof, which opens in just 14 seconds at speeds up to 28 mph. Strengthening the chassis has resulted in a 165-pound weight gain compared to the 812 Superfast, but Ferrari insists this hasn't affected the car's driving dynamics and agility thanks to the optimized calibration of the magnetorheological dampers.

Compared to the 812 Superfast, the GTS also lacks an aerodynamic duct on the rear wheel arch. To compensate for this, the rear diffuser has been fitted with an additional flap to optimize the convertible's aerodynamics. The 812 GTS also sits on unique, multi-spoke forged wheels available with three designs: diamond-finish, liquid silver, and Grigio Scuro.

Pricing and availability haven't been confirmed yet, but expect the 812 GTS to fetch more than its 812 Superfast sibling, which starts at an eye-watering $363,730.