Proceeds from the sale to benefit the Royal National Lifeboat Institution.
We’re sure H&H won’t mind us saying that this is a bit of a coup for the auction house and there must be plenty of teeth-grinding going on at other well-known auctioneers. A sensational result for the RNLI, H&H and also UK classic car enthusiasts – the sale room will undoubtedly be packed.
We have secured funding for both of these models in the past – if you wish to discuss the possibilities please contact Rob Johnson.
H&H Classics will hold a sale of two multi-million-pound Ferraris from the Richard Colton collection in a generous legacy left to the Royal National Lifeboat Institution (RNLI). The sale will take place at the Imperial War Museum Duxford on 14 October 2015 and the funds raised will go towards the RNLI’s lifesaving work around the coast of the United Kingdom and Republic of Ireland.
The legacy was left to the RNLI by Northamptonshire businessman Richard Colton, who requested that money raised from the sale of his cars be used to build a new lifeboat called Richard and Caroline Colton, named after himself and his late wife. 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:
“We are honoured to have been chosen to handle this sale which is of national significance. 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.”
Richard Colton was a Northamptonshire-based businessman who had a distinguished career in footwear distribution and who for 40 years collected and actively campaigned sensational classic cars. Described by close friends as “a shy and private man”, he was known to be somewhat nervous of the sea, which may have added to his great respect for the man and women who risk their lives daily around Britain’s coast.
So when deciding on which charity to leave this splendid legacy of two classic Ferraris, there was only one choice, the Royal National Lifeboat Institution. He was also keen that his legacy be sold by a British classic car specialist auction house – hence H&H was chosen by his executors, and indeed this was in line with the wishes he expressed in his Will.
The two Ferrari motor cars:
• 1960 Ferrari 250 GT short-wheelbase (SWB) Berlinetta chassis 1995 GT, of which just 167 were made with a mere ten being supplied new to the UK market
Unveiled at the 1959 Paris Salon, today the Ferrari 250 GT SWB is on many experts’ list of the ‘most beautiful cars in the world’. It’s certainly one of the most valuable, joining the 250 Testa Rossa and 250 GTO in the multi-million-dollar club and is a ‘must-have’ for any serious Ferrari collector. ‘1995 GT’ was the second steel, right-hand-drive car delivered, and according to model expert Jess Pourret, was a potent, semi-competizione, with a comp-spec motor, gearbox, fuel tank and limited-slip differential.
Further notable as one of two SWBs (the other being chassis 1993 GT) that Colonel Ronnie Hoare used to launch the UK Ferrari distributor Maranello Concessionaires, ‘1995 GT’ has never been ‘restored’ in the modern sense, making it that much more attractive to serious collectors.
Mr Colton bought this car, Rosso Corsa and registered ‘574 NOT’, in the late-1970s and covered some 60,000 miles in it come rain or shine, enjoying many impromptu trips to the continent, including the Ferrari 50th Anniversary celebrations at Maranello in June 1997.
• 1967 Ferrari 275 GTB/4 chassis 10177 GT
Another powerful Ferrari that made its debut in Paris, just 350 of the 300bhp, 160mph berlinettas were made, of which a mere 27 were supplied new to the UK market. First-time owners included the Hollywood star Steve McQueen, and the car’s peerless handling and delicate steering makes it a far easier car to drive than its more numerous successor, the 365 GTB/4 ‘Daytona’.
The example offered – ‘10177 GT’ – began life as the Maranello Concessionaires demonstrator. Swapping a Bentley Speed Six for the Ferrari in 1974, the late Richard Colton proceeded to drive it extensively throughout the UK and Europe. Now showing some 78,000 miles on its odometer, like its stablemate 250 GT SWB, the silver 275GTB/4 was a frequent visitor to Scotland, Sweden, France and Italy.
Richard Colton was a Northamptonshire-based businessman who had a distinguished career in footwear distribution. A prominent member of the V12 section of the Ferrari Owners’ Club, previous Ferraris owned, enjoyed and exercised with spirit by him over a 40-year period included a 250 LM, 250 GT Lusso, 365 GTB/4 ‘Daytona’ and Dino.
Other cars in the Colton Collection to be sold by H&H on 14 October include a Ferrari 550 Maranello, a Jaguar E-Type ‘Lightweight Evocation’ by standard-setting model specialist Bryan Wingfield and a Jaguar XK120 Fixedhead Coupé.
The Royal National Lifeboat Institution
The Royal National Lifeboat Institution (RNLI) is the charity that saves lives at sea. It provides, on call, a 24-hour lifeboat search and rescue service and a seasonal lifeguard service.
Since the RNLI was founded in 1824, its lifeboats, and since 2001, its lifeguards, have saved more than 140,000 lives. More and more people are using beaches and the sea for leisure and RNLI crews and lifeguards are responding to an increased number of incidents.
In 2013, half of all launches (4,160) were to leisure craft users. This includes powerboats, yachts, kayakers, surfers, paddle boarders, body boarders and tenders without outboards. Twenty per cent of launches (1,690) were to people ashore, 12% (1,028) to people in the water, 7% (517) to fishing boats, 3% (270) to commercial or MOD boats and 8% (639) to other sea users.
Keeping a modern fleet of lifeboats ever-ready to go to the rescue from 236 lifeboat stations is an expensive business. Add to that crew training, running a lifeguard service on more than 200 popular beaches and campaigning for water safety, and the pounds start to add up.
It costs around £385,000 a day to run the RNLI, all of which is generously donated by the public.