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Charity Ferraris sell for £8.5m at H&H auction

Ferrari 250GT SWB and 275GTB/4 left for lifeboat charity sell for more than £8.5million at H&H auction.

A pair of classic Ferraris that were left to the Royal National Lifeboat institution by a collector, have sold at an H&H auction for a combined hammer price of £8,530,000. This not only exceeds the pre-sale estimates, but also makes it the largest single donation ever received by the organisation.

Consigned to the Imperial War museum sale, taking place on 14 October, the Ferraris were the star attraction. The big seller was the 1960 Ferrari 250 SWB which made £6,600,000, while the second Ferrari – a 1967 275GTB/4 – went for £1,930,000.

Northamptonshire-based car collector Richard Colton, who passed away earlier in the year, owned the two Ferraris. His will specified that the cars were to be sold, and the money raised should be donated to the RNLI to buy two new lifeboats.

Both cars have lived interesting lives, and are hugely desirable. The Ferrari 250 GT SWB Berlinetta (chassis 1995 GT) is incredibly rare for being one of the ten right-hand drive examples built. It left the factory with a semi-competizione spec, built with a steel body, but with a race-ready engine, gearbox and limited slip diff. It was first bought by Colton in the late 1970s, and he frequently drove and enjoyed the car for more than 60,000miles over the years. Although well maintained, it has never been subject to a full restoration.

The second car is a 1967 Ferrari 275 GTB/4 (chassis 10177 GT), which was originally a demonstrator for Maranello Concessionaires, before passing onto Colton. It was used for many trips to Scotland, France, Italy and Sweden, and is now showing 78,000 miles on the clock.

A number of other interesting cars sold at the auction too, including The New Avangers Broadspeed Jaguar XJ12 C, which made a hammer price of £62,000. This absolutely obliterated the pre-sale £10,000-£12,000 estimate placed on the rough example, which is in need of a full restoration. George Best’s Jaguar E-type sold for £43,000, although the Colin McRae WRC Subaru Impreza failed to sell with a high bid of £150,000.

Ferrari 250 Classifieds

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