Classic Ferraris make millions

October 15, 2015 at 02:57 pm By Martin Robinson | Posted in Car Lease Deals

A pair of Classic Ferraris left to the Royal National Lifeboat Institution have sold for £9,758,320 at the H&H Auctions' Imperial War Museum event at Duxford.

Ferrari 250GT SWB and 275GTB/4 bequeathed to the RNLI by collector Richard Colton.

The big money was in the short wheelbase 250GT ending at a price of £7,550,400. Originally ordered new by Colonel Ronnie Hoare - it was the second steel bodied, right-hand-drive example to be delivered. The 250GT was well used throughout Colton's ownership, accumulating over 66,000 miles whilst still being in top mechanical condition.

Closely followed in the auction was the 1967 275GTB/4 - also from Colton's collection, which fetched an impressive £2,207,920. Being one of the last 350 four-cam examples ever built Colton used this model to attend various classic car rallies whilst touring Europe.

All money raised by the sale of the Ferraris will go to the RNLI, which are hoping to spend the money on two new new lifeboats.

"We are deeply grateful to the Colton Family for this hugely generous gift, the single most valuable we have received," said James Oxley, RNLI spokesman.

"It is a wonderful legacy for the Colton family to know their sad loss will lead directly to the saving of life around Britain's coasts."

Aside from the Ferraris, a Broadspeed XJ12 C that appeared in the TV searies The New Avengers surpassed it's £10,000 pre-sale estimates making an impressive £62,000.

Equally as interesting was a 1971 Aston Martin DBS V8 Sotheby Special, which fell short of its £120,000 estimate by £42,000. After being exhumed from it's 40 years in storage. This model was of the first of three Aston Martin DBS V8 chassis to be re-bodied by Ogle Design. It played a starring role at the Montreal Motor Show in 1972.

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