MOTORING: RNLI will benefit from £10m Ferrari auction

1967 Ferrari 275 GTB/4 (left) and 1960 Ferrari 250 GT SWB (right). Photo: PA
1967 Ferrari 275 GTB/4 (left) and 1960 Ferrari 250 GT SWB (right). Photo: PA
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Two of the most valuable Ferraris in the world are to be auctioned for charity after an astonishing 
donation in a British man’s will.

The 1960 250 GT and the 1967 275 GTB/4, owned in life by the late Northamptonshire businessman Richard Colton will be sold to raise funds for the Royal National Lifeboat Institution (RNLI), and could secure more than £10,000,000.

Just 10 of the 250 GTs and 27 of the 275 GTBs were supplied new to the UK, making this double-auction an incredibly rare event.

Guy Rose, legacy manager at the RNLI, said: “We are deeply grateful and humbled by Mr Colton’s generous gift and his decision to benefit the RNLI in this way.

“Six out of every 10 lifeboat launches are only made possible because of gifts left to us in wills, so they are vital to saving lives at sea. Mr Colton’s generosity will be felt most by our volunteer crews and the people whose lives they save.”

Simon Hope, chairman of H&H Classics, which will manage the sale on October 14 this year at the Imperial War Museum near Cambridge, added: “These stunning motor cars have been with Richard Colton for 40 years and meant a very great deal to him. So we are absolutely committed to realising the maximum amount for the cars. It promises to be an historic sale.”

Colton was an active collector of V12 Ferraris in the wake of decades of success as a footwear distributor. Described as a “shy and private man”, he was said to be nervous around the sea, which could explain his incredible gift.

Both cars have higher-than-average mileage, having been actively campaigned by Colton himself and frequently visited Scotland, Sweden, France and Italy.

Bidding enquiries, should you be in such a fortunate position, should be made to H&H Classics using details from their website.