The colors will fade.
There are some UV protecting clear finishes.
I prefer a non-glossy or matte finish. Some spray art finishes are almost unnoticeable, but protect from fingerprints and some UV.
Some Urethane spar varnishes are advertised to be non yellowing.
They are usually shiny, which some folks like.
I would avoid oil finish, they tend to yellow.
Keeping the piece out of direct sunlight, and even a bright room will keep the color longer.
Some well known turners have been known to air brush in come red to save the color.