London Daily

Focus on the big picture.
Saturday, Feb 28, 2026

Ferraris sale worth £8.5m help fund Pwllheli RNLI boathouse

Ferraris sale worth £8.5m help fund Pwllheli RNLI boathouse

Two rare classic Ferraris cars worth £8.5m have sped up the building of a new lifeboat boathouse in north Wales.

The 1960s cars were donated to lifeboat charity RNLI by footwear entrepreneur and classic car enthusiast Richard Colton after he died in 2015.

The red 1960 Ferrari 250 GT SWB was sold at auction for £6.6m and a 1967 Ferrari 275 GTB/4 raised £1.93m.

Some £2.8m of the legacy helped fund a boathouse on the Gwynedd coast, which officially opened this weekend.

Pwllheli's crew, in fact, marked the "proud day" in their 130-year history with a triple celebration, which also saw the naming and dedication of their new Shannon class lifeboat and a new launch and recovery system.

The new boathouse on the Llyn Peninsula was officially opened by Charles Denton, godson of late Northamptonshire businessman Mr Colton, while its construction was also helped by a £100,000 community fundraising appeal.

Mr Colton, a partner in the footwear company Colton Brothers, died in 2015 aged 82. He was also a member of the V12 section of the Ferrari Owners' Club and had owned other Ferraris.

The new home for the RNLI's latest all-weather lifeboat in Pwllheli

The boathouse is now home to the latest Shannon class RNLI boat, which was named Smith Brothers in a dedication ceremony, and presented to the man who funded the lifeboat, Roger Smith from Tamworth in Staffordshire.

"During my sailing activities I have always had the greatest confidence in the RNLI facilities," said the keen sailor.

"Whilst I have never had to call upon their help myself, I have been part of teams who helped yachts that were then handed over to the RNLI

"Life has been very kind to me, and the RNLI has agreed that I fund a Shannon all-weather lifeboat for Pwllheli.

"The more I get to know the RNLI fundraisers and volunteer crews, the more admiration I have for them."

Tributes were paid to the generosity of Richard Colton, whose Ferraris helped pay for the boat's new home

The chairman of Pwllheli RNLI Lifeboat Management Group said it was "a proud day for all at Pwllheli RNLI and the start of a new chapter in the station's 130-year history".

"On behalf of all at Pwllheli RNLI I would like to thank everyone who has supported Pwllheli Lifeboat Station to help us get to where we are today and make sure that our volunteer crew will be here to save lives for many years to come," said Alan Jones.

Newsletter

Related Articles

0:00
0:00
Close
When the State Replaces the Parent: How Gender Policy Is Redefining Custody and Coercion
Bill Clinton Denies Knowing Woman in Hot Tub Photo During Closed-Door Epstein Deposition
Former U.S. President Bill Clinton Testifies on Ties to Jeffrey Epstein Before Congressional Oversight Committee
Dyson Reaches Settlement in Landmark UK Forced Labour Case
Barclays and Jefferies Shares Fall After UK Mortgage Lender Collapse Rekindles Credit Market Concerns
Play Exploring Donald Trump’s Rise to Power by ‘Lehman Trilogy’ Author to Premiere in the UK
Man Arrested After Churchill Statue Defaced in Central London
Keir Starmer Faces Political Setback as Labour Finishes Third in High-Profile By-Election
UK Assisted Dying Bill Set to Fall Short in Parliament as Regional Initiatives Gain Ground
UK Defence Ministry Clarifies Position After Reports of Imminent Helicopter Contract
Independent Left-Wing Plumber Secures Shock Victory as Greens Surge in UK By-Election
Reform UK Refers Alleged ‘Family Voting’ Incidents in By-Election to Police
United Kingdom Temporarily Withdraws Embassy Staff from Iran Amid Heightened Regional Tensions
UK Government Reaches Framework Agreement on Release of Mandelson Vetting Files
UK Police Contracts With Israeli Surveillance Firms Spark Debate Over Ethics and Oversight
United Airlines Passenger Hears Cockpit Conversations After Accessing In-Flight Audio Channel
Spain to Conduct Border Checks on Gibraltar Arrivals Under New Post-Brexit Framework
Engie Shares Jump After $14 Billion Agreement to Acquire UK Power Grid Assets
BNP Paribas Overtakes Goldman Sachs in UK Investment Banking League Tables
Geothermal Project to Power Ten Thousand Homes Marks UK Renewable Energy Milestone
UK Visa Grants Drop Nineteen Percent in 2025 as Migration Controls Tighten
Barclays and Jefferies Among Banks Exposed to Collapse of UK Mortgage Lender MFS
UK Asylum Applications Edge Down in 2025 Despite Rise in Small Boat Crossings
Jefferies Reports Significant Exposure After Collapse of UK Lender MFS
FTSE 100 Reaches Fresh Record Highs as Major Share Buybacks and Earnings Lift London Stocks
So, what's happened is, I think, government policy, not just under Labour, but under the Conservatives as well, has driven a lot of small landlords out of business.
Larry Summers, the former U.S. Treasury Secretary, is resigning from Harvard University as fallout continues over his ties to Jeffrey Epstein.
U.S. stocks ended higher on Wednesday, with the Dow gaining about six-tenths of a percent, the S&P 500 adding eight-tenths of a percent, and the tech-heavy Nasdaq climbing roughly one-and-a-quarter percent.
From fears of AI-fuelled unemployment to Big Tech's record investment, this is AI Weekly.
Apple just dropped iOS 26.4.
US Lawmakers Seek Briefing from UK Over Reported Encryption Order Directed at Apple
UK Business Secretary Calls on EU to Remove Trade Barriers Hindering Growth
Legal Pathways for Removing Prince Andrew from Britain’s Line of Succession Examined
PM Netanyahu welcome India PM Narendra Modi to Israel
Shadow Diplomacy: How Harry and Meghan’s Jordan Trip Undermines the Monarchy
Sir Jim Ratcliffe, co-owner of Manchester United, comments on immigration in the UK.
Bill Gates, the UN and the WEF are attempting to construct "a giant digital gulag for all of humanity" via digital ID, CBDCs and vaccine passport infrastructure.
Britain’s Channel Crisis: Paying Billions While the Boats Keep Coming
Downing Street’s Veteran Deception Scandal
UK HealthCare Expands ‘Food as Health’ Initiative Statewide to Tackle Chronic Illness in Kentucky
Leonardo Chief Says UK Set to Decide on New Medium Helicopter Programme
UK Slows Chagos Islands Agreement After Concerns Raised in Washington
European and UK Stock Markets Reach Fresh Highs as Banks and Miners Lead Rally
UK Government Insists Chagos Islands Negotiations Continue After Minister’s ‘Pause’ Remark
No Confirmed Deal for Engie to Acquire UK Power Networks Amid Market Speculation
UK Reaffirms Updated Entry Requirements for Travellers as of February 25, 2026
General Atlantic to sell equity stake in ByteDance, valuing the company at $550 billion
German Chancellor Friedrich Merz Secures Pledge from China for Greater Imports of Quality Goods
Lord Mandelson Condemns Arrest as Driven by ‘Baseless Suggestion’ He Would Flee Abroad
Former UK Ambassador Released on Bail Following Arrest in Epstein-Linked Investigation
×