Monday, June 16, 2014

The $92,400 Volvo

The term "classic car" usually gets thrown around to describe any old car. However, the Volvo P1800ES is definitely a car that deserves the "classic" term, and apparently people are taking notice.
Case in point is the spotless 1973 example you see here. It just set an auction record high price for a Volvo car...nearing 6 figures.

Bonhams Auctioneers has sold a 1973 Volvo P1800ES Sport Wagon for the record sum of  $92,400 USD. It was at an auction at the Greenwich Concours d´Elegance in Connecticut, USA that the Swedish classic with just 13,000 miles on the odometer was sold. “As far as we know, this is a new world record for a classic Volvo”, a representative for Bonhams said.

This P1800ES has spent its entire life in Keene, New Hampshire, and been used very little by its three owners, the first of them keeping the car for 27 years.The red paintwork is totally original, so is the black leather upholstery and the car has sought after factory equipment as factory fitted A/C.

The presale estimate was $30,000 to $40,000,but it was bid strongly by a number of current and former Volvo dealers before ultimately selling to an overseas bidder for more than the double.
“The car was nicely presented, well preserved and totally original. It was key for a high price like this, a restorer would struggle to match the build quality of the factory in Gothenburg,” said Eric Minoff, specialist at Bonhams´ Motor Cars department.

Find your future classic Volvo at Lehman Volvo in York or Lehman Volvo in Mechanicsburg

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