Well this one is not worth 12,000, and that's USD...!!! At the CVC meet last year there was a 1967 123 GT that was in excellent condition. It had been appraised at 11,500, and that was CDN. It was a low mile, two owner car, and it was RED.......really RED.....drooooollll.......Anyway, this guy is 11 bricks shy of a dozen.
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80 242 350ci

One of the most desireable parts on a 123GT is the fender mirrors, but they seem not to be present on this one but instead replaced by a later model year door mirror (but only on the driver's side). Major drawback. The second most desireable part on a 123GT these days are the wheel beauty rings, and it is not obvious if they are present on this unit (if they are, they need a face lift). There are also fact flaws in the ad. Serious, and not good for his reputation.

It will be interesting to see if he will get $12.000 for it, but to answer the original question I think that a little less than half that price is what you would expect to find a 1967-1968 123GT in good condition for.

:: Fredrik

Dudes out to lunch. The only way I'ld pay that kind of $ would be for a mint UNRESTORED GT. Last year when he was trying to sell it he went on about how the repair panels, rockers etc were glued on, using some kind of airplane technology, a big improvement supposedly. Anyway every few months he posts again, different stories, same car, from looking at the pictures, it doesn't even seem that the chrome was redone. Caveat emptor, one mans's junk.

Old Volvos are worth whatever someone is willing to pay, obviously. I doubt that the GT is worth much more than any other Amazon. If it's in really nice shape cosmetically and mechanically, he might get $8K for it.

Then again, who knows what can happen on eBay?