A new record has been set for the world’s most expensive Volvo P1800 during the Greenwich Concours d´Elegance in Connecticut, USA, as a pristine ES version sells for 92,400 USD. This 1973 model is the less desirable ES Sport Wagon variant, but even so, it’s now the most valuable classic Volvo in the world.

Presented by Bonhams Auctions, this Volvo P1800 ES has the original factory red paint job and black leather upholstery and the sought after factory fitted A/C. It had three owners its entire life and has spent its entire life in Keene, New Hampshire. The car has only 13,000 miles on the clock.

The selling price was a bit of surprise for the auctioneers, as the car’s presale estimate was 30,000 to 40,000 USD. Turns out the P1800s are more popular than anticipated. So if you have one of these, you are essentially sitting on a big pile of cash.

“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.