Sale of two rare Ferraris raises £8.5m for the RNLI

The cars were left to the lifeboat charity by 82-year-old Richard Colton, who died in March, and were sold at auction at the Imperial War Museum Duxford

The cars left to the RNLI
The cars left to the RNLI

The sale of two rare Ferraris has raised £8.5m for the Royal National Lifeboat Institution after the cars were left to the charity by a businessman.

A 1960 red Ferrari 250 GT SWB sold for £6.6m, and a silver 1967 Ferrari 275 GTB/4 went for £1.9m at an auction this week at the Imperial War Museum Duxford, Cambridgeshire.

Richard Colton, from Northamptonshire, left the two cars in his will when he died in March, aged 82. He had restored them both.

The Ferrari 250 GT SWB was one of just 10 supplied to the UK. The Hollywood actor Steve McQueen owned a Ferrari 275 GTB/4.

Paul Boissier, chief executive of the RNLI, said the charity had been overwhelmed by the amount the cars had raised.

"We are deeply grateful to Mr Colton for his generosity, which will be felt most by our volunteers and the people whose lives they save," he said.

Boissier said the gift would raise enough money to fund a new lifeboat that would be named after Colton and his late wife Caroline, in line with Colton’s wishes.

He said Colton’s legacy would "help our volunteer crews carry out their life-saving work around the coast".

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