Spac;110352 wroteSlowbrick's (dad's) car is the reference point. It was definitely in the top 1%, condition wise.
It sold quickly enough to show that it wasn't overpriced, but slowly enough (and with enough haggling) that it wasn't a ridiculous bargain for a lucky buyer.
So... Anyone with a super-good (or even just an above average one) 240 would do well to consider it when they put a price on their car.
Also another thing that you might find interesting about that sale was that the person who bought it wasn't even a Volvo person. They owned an NS Pajero and were looking for a second car to get around town in that wasnt so big. As it happened they took it for a drive and were taken back by how well it drove. The guy had once upon a time owned and fixed up old Volkswagens but never a Volvo. He made an offer which I turned down as we weren't in a rush to sell the car. He said he would go think about it and before I even got the car back in the garage he was back to accept my counter-offer.
I could never see the car selling for that much to a real Volvo person because lets face it, alot of us are cheap and love a bargain and are always on the lookout for the next $300 240 regardless of condition. To a regular person the $4000 that it sold for represented good value. Less than 100k on the clock, full service history from when we owned it, near new tyres and 9 months registration.
Dad did put alot of effort into restoring it back to its former glory and it did spend a fair few hours on a hoist getting age related things fixed.
That being said that one for 8k might be a bit ambitious. 4k seemed to be the point where we were happy to let an immaculate example of our hobby go while at the same time still seen as reasonable to the regular person.