A private collector is offering up his two vintage Ferraris for sale in October with the proceeds going to a charity in Great Britain.

Just in time for Christmas, H&H Classics, one of Britain’s oldest classic car auction houses, will sell two very rare Ferraris from a private collection with the proceeds going to charity.

The auction house, which hosts events all over Britain, is handling the sale of a 1960 Ferrari 250 GT short-wheelbase (SWB) Berlinetta chassis and a 1995 GT, of which just 167 were made with a mere 10 sold new to the UK market.

The cars come from the collection of Richard Colton, a wealthy Northamptonshire, England-based businessman, collected and raced classic cars, including the aforementioned Ferraris.

Both cars, which have unique pedigrees, are expected to fetch more than $1.5 million each when they reach the auction block in October at the Imperial War Museum Duxford, Cambridgeshire.

The money raised by the auction will go towards the Royal National Lifeboat Institution, which provides, on call, a 24-hour lifeboat search and rescue service around the UK and Ireland.

“We are deeply grateful and humbled by Mr. Colton’s generous gift and his decision to benefit the RNLI in this way,” said Guy Rose, Legacy manager at the RNLI. “Six out of every 10 lifeboat launches are only made possible because of gifts left to us in wills, so they are vital to saving lives at sea. Mr. Colton’s generosity will be felt most by our volunteer crews and the people whose lives they save.”

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Simon Hope, chairman of H&H Classics, which holds sales across Britain, said his firm was honored to have been selected to handle the sale.

“These stunning motor cars have been with Richard Colton for 40 years and meant a very great deal to him. So we are absolutely committed to realizing the maximum amount for the cars. It promises to be an historic sale,” he said.

Unveiled at the 1959 Paris Salon, today the Ferrari 250 GT SWB is on many experts’ list of the ‘most beautiful cars in the world’. It’s certainly one of the most valuable, joining the 250 Testa Rossa and 250 GTO in the multi-million-dollar club and is a ‘must-have’ for any serious Ferrari collector.

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In its day, the 250 GT SWB Berlinetta was the fastest, most accomplished 3.0-liter GT racing car that money could buy. Driven by such greats as Stirling Moss and Phil Hill, from 1960 to 1961 SWBs won the RAC Tourist Trophy, the Tour de France Automobile and the Paris 1000km. Another was third overall at the 1961 Le Mans 24 Hours, behind two Ferrari prototypes.

Once the immediate demand for racing cars was satisfied, Ferrari built “luxury” versions for sale. The non-racing models featured bodies in more durable steel and aluminum, and were chosen by the company’s “most discerning clients and often incorporating competition parts.” Many ended up spending time on race tracks themselves.

The 1995 GT was the second steel, right-hand-drive car delivered, and according to model expert Jess Pourret, was a potent, semi-competizione, with a comp-spec motor, gearbox, fuel tank and limited-slip differential.

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The example offered – 10177 GT – began life as the Maranello Concessionaires demonstrator. Swapping a Bentley Speed Six for the Ferrari in 1974, Colton proceeded to drive it extensively throughout the UK and Europe. Now showing some 78,000 miles on its odometer, like its stablemate 250 GT SWB, the silver 275GTB/4 was a frequent visitor to Scotland, Sweden, France and Italy and regularly maintained by Ferrari, according to the auction house.