Hill Climb Sponsor Joins the $10 Million Dollar Club

Wednesday 4 November 2015

Recently announced Hill Climb sponsor H&H has joined an elite group of auction houses that have sold a car for over $10 million.

The accolade comes following the successful sale of a 1960 Ferrari 250 GT short-wheelbase (SWB) Berlinetta (chassis 1995 GT) for US$10,063,680 (£6.6 million) earlier this month.  

READ MORE: H&H return as sponsors for 2016 Hill Climb

Only the 26th car in history to sell beyond the $10 million dollar mark, the sale of the Ferrari sees H&H join only four other auctioneers – RM-Sotheby's, Gooding & Co, Bonhams and Artcurial – in reaching the magic figure.

The multimillion-pound Ferrari was from the estate of the late Richard Colton, a renowned British V12 Ferrari collector who left the car, and a second Ferrari, as a legacy to the Royal National Lifeboat Institution in his will. The proceeds of the multi-million dollar sale could become the most generous gift the RNLI has ever received.

Only 167 of the 1960 Ferrari 250 GT short-wheelbase (SWB) Berlinetta chassis 1995 GT were ever made, with just ten supplied new to the UK market. The model was unveiled at the Paris Salon in 1959 and today is on many experts’ list as one of the ‘most beautiful cars in the world.’

Colton bought his Ferrari 250 GT in the late 1970s and registered it as ‘574 NOT’, enjoying many impromptu trips to the continent, including the Ferrari 50th Anniversary celebrations at Maranello in June 1997.

The sale by H&H means that of the 26 cars that have sold for more than $10 million, 19 of them have been Ferraris.

Both the Ferraris left by Colton made their only public appearance ahead of the H&H sale when they were displayed as part of the Concours d'Elegance at the inaugural Hill Climb in July. 

  • Colton Ferraris auctioned by H&H, Chateau Impney Hill Climb, Droitwich
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