The Hanky Panky classic cocktail is sometimes referred to as a variation of a Sweet Martini which uses a 3:1 ration of gin and sweet vermouth with orange bitters. The Hanky Panky includes Fernet Branca for a lightly bittersweet concoction.
Red Carpet Royalty is an excellent substitution for those who like the Negroni classic cocktail. This wine version is less potent and less bitter than the classic.