Richard Colton Ferraris sell for a combined £8.5 million plus premium, with all proceeds to the Royal National Lifeboat Institution Charity, Martin Emmison comments.

Goodman Derrick’s client K500 Powered by Kidston have published their report of the auction of the estate of the late British entrepreneur Richard Colton, an estate that included two eagerly anticipated “no reserve” Ferraris - a 1960 Ferrari 250 GT SWB and an RHD 1967 Ferrari 275 GTB/4.

Martin Emmison commented:

“Some 32 years ago, pulling out of a Shell garage on the way to my first Ferrari Concours, I followed this chap in a 250LM.  He would know the way, I thought, hoping to keep up in my humdrum Ferrari 250GTE.   Of course he left me for dead.  That was my first motoring experience of Richard Colton.   Over the next 20 years I enjoyed Richard’s company on many European rallies and Ferrari meetings.  He drove a large variety of Ferrari, Jaguar and Porsche machines, which always seemed to run better than they looked.   I particularly remember his lovely Ferrari 212 Vignale Coupe, for which (never keen to overspend) he borrowed my Weber carburettor trumpets for several months.  Then I recall a scary ride on narrow Northamptonshire roads, with Richard piloting his orange 911RS Lightweight at fearsome speeds.    But best of all I enjoyed following Richard for mile after delicious mile, he driving his 250GT Scaglietti Berlinetta on the D roads of rural France.  Was there ever a more enjoyable car to watch through the corners than a Ferrari Short Wheelbase?   Or rather ‘the Wheelbase’, as Richard always referred to his favourite machine.”

The full report is available on the K500 website at the following link:

http://k500.com/story-item/live-breaking-news-richard-colton-collection-ferraris-sold-by-hh?utm_medium=email&utm_campaign=K500+News+Briefing+October+2015+-+No+45&utm_content=K500+News+Briefing+October+2015+-+No+45+CID_5631fdb4298e9589e1af6d8eba9a54d4&utm_source=K500%20Email%20Newsletters&utm_term=Read%20the%20full%20story%20on%20K500

Goodman Derrick – Collector Cars

Goodman Derrick’s specialist collector car group advise on transactions and disputes in the field of collectors cars.

We regularly handle the sale and exchanges of expensive vehicles, our work often includes advice in relation to:

  • issues of title and provenance
  • deferred payment and security
  • import
  • taxation
  • registration

Dispute resolution which often relates to transactions that were not properly documented, and disputes about dual identity cars, replicas, fakes and recreations; and problems arising from restoration and race preparation.

Our team maintains close working relationships with knowledgeable lawyers in this field in the USA, Australia, Germany, France, Italy, the Netherlands, Belgium and Switzerland.

For more information

Martin Emmison

Partner and Head of Collector Cars

GOODMAN DERRICK LLP

DDI: +44 (0)20 7421 7918

T:    +44 (0)20 7404 0606

www.gdlaw.co.uk/site/business_sectors/collectors_cars/

Richard Colton Ferraris sell for a combined £8.5 million plus premium, with all proceeds to the Royal National Lifeboat Institution Charity, Martin Emmison comments.

Goodman Derrick’s client K500 Powered by Kidston have published their report of the auction of the estate of the late British entrepreneur Richard Colton, an estate that included two eagerly anticipated “no reserve” Ferraris - a 1960 Ferrari 250 GT SWB and an RHD 1967 Ferrari 275 GTB/4.

Martin Emmison commented:

“Some 32 years ago, pulling out of a Shell garage on the way to my first Ferrari Concours, I followed this chap in a 250LM.  He would know the way, I thought, hoping to keep up in my humdrum Ferrari 250GTE.   Of course he left me for dead.  That was my first motoring experience of Richard Colton.   Over the next 20 years I enjoyed Richard’s company on many European rallies and Ferrari meetings.  He drove a large variety of Ferrari, Jaguar and Porsche machines, which always seemed to run better than they looked.   I particularly remember his lovely Ferrari 212 Vignale Coupe, for which (never keen to overspend) he borrowed my Weber carburettor trumpets for several months.  Then I recall a scary ride on narrow Northamptonshire roads, with Richard piloting his orange 911RS Lightweight at fearsome speeds.    But best of all I enjoyed following Richard for mile after delicious mile, he driving his 250GT Scaglietti Berlinetta on the D roads of rural France.  Was there ever a more enjoyable car to watch through the corners than a Ferrari Short Wheelbase?   Or rather ‘the Wheelbase’, as Richard always referred to his favourite machine.”

The full report is available on the K500 website at the following link:

http://k500.com/story-item/live-breaking-news-richard-colton-collection-ferraris-sold-by-hh?utm_medium=email&utm_campaign=K500+News+Briefing+October+2015+-+No+45&utm_content=K500+News+Briefing+October+2015+-+No+45+CID_5631fdb4298e9589e1af6d8eba9a54d4&utm_source=K500%20Email%20Newsletters&utm_term=Read%20the%20full%20story%20on%20K500

Goodman Derrick – Collector Cars

Goodman Derrick’s specialist collector car group advise on transactions and disputes in the field of collectors cars.

We regularly handle the sale and exchanges of expensive vehicles, our work often includes advice in relation to:

  • issues of title and provenance
  • deferred payment and security
  • import
  • taxation
  • registration

Dispute resolution which often relates to transactions that were not properly documented, and disputes about dual identity cars, replicas, fakes and recreations; and problems arising from restoration and race preparation.

Our team maintains close working relationships with knowledgeable lawyers in this field in the USA, Australia, Germany, France, Italy, the Netherlands, Belgium and Switzerland.

For more information

Martin Emmison

Partner and Head of Collector Cars

GOODMAN DERRICK LLP

DDI: +44 (0)20 7421 7918

T:    +44 (0)20 7404 0606

www.gdlaw.co.uk/site/business_sectors/collectors_cars/