News Source: topspeed.com

Old Ferraris  tend to bring boatloads of money at auction, as do cars whose auction  proceeds go to charity. Combine the two and watch money fly around the room like a class-five tornado inside Fort Knox.

That’s what’s happening this October, when not one, but two classic Ferraris will cross the auction block at the H&H Classics event at the Imperial War Museum in England. Both the 1960 250 GT SWB and 1967 275 GTB/4 are expected to earn millions, with all proceeds going towards a new boat for the Royal National Lifeboat Institution, a non-profit lifesaving organization that operates in the waters around the United Kingdom.

The Ferraris were left as a legacy donation to the RNLI by businessman and car collector Richard Colton (described by his friends as a quiet but friendly fellow, who always seemed a bit nervous on boats), and will fund construction of a new lifeboat to be named the Richard and Caroline Colton, after him and his late wife.

The RNLI can expect to get a pretty big boat, because the 250 GT SWB alone could sell for over $10 million. Designed by Giotto Bizzarrini, Carlo Chiti and Mauro Forghieri, it’s the predecessor to the 250 GTO,  and like the GTO, was built as a race car  for the road. With an original run of 176 it’s not quite as rare as the GTO, but it’s arguably a prettier car. Colton drove this example regularly, putting over 60,000 miles on the clock. Despite that, it has never required major restoration, making it a mostly original car.

Amazingly, the 275 GTB/4 could fetch even more. RM Auctions sold one for $10.1 million in August of 2014. Compared with the 250 GT, the 275 GTB  was designed as a continent-crushing grand tourer, rather than a road racer. Like his 250 GT, Colton used his silver 275 GTB as a driver, covering over 78,000 miles during his time with the car. It’s also presented in impeccable condition despite the relatively high mileage.