[TW]Fox;20695526 said:
The guy above who said everything will be is right. Everything will, one day, be a classic if there are any left.
A 1958 anything is not a banger, its a classic.
It doesn't quite work like that. An old and just old car will
maybe become classic in rarity sense, but not desirable classic in collectible sense. The mechanics of classic car market, especially in UK, are quite odd, and one of the most surprising things is how little it cares and values performance or engineering. As an example - in Britain there are far more people collecting, restoring and exchanging at very serious money countless examples of very often badly designed, poorly put together cars with uninspiring performance as long as they have some sort of nostalgic value. Triumph, Morris, Sunbeam or MG cars attract more collectors than, for example, BMW or Audi cars from the same period, quirky French rustbuckets more often than not are more desirable and demand higher prices than well equipped japanese coupes of the same age which are heavens better at just about everything under the sun.
Out of the cars we all witnessed first hand, I'm willing to bet Citroen Xantia will be a classic in collectable terms much faster than E39. Your E39 might be desirable because of the trim but in general E39 will most likely end up like E29/E30, admired by ex owners, but sold at just a tad over parts value.
The eighties "boxy" cars, in general, might create the first "do not want" black hole in classic market, similar to architecture or furniture of the same period. You can sort of see how mk1 Prelude, Skyline 240k or Celica RA40 is a decade away from being a classic in proper sense of the word:
And yet it would be hard to accept Celica RA60 would ever become a classic
I think most of that era will just never become collectable. Especially bottom shelf - the Pandas, Bluebirds, Novas, Ladas, Polonez etc. And there is such thing as "do not want" in classic market - as an example - almost everything from 1960ies and 1970ies is considered classic and desirable at the moment, but not Fiats - after 500 and 600 there is a massive "dot not want" hole - the 1xx series - 124, 125, 126, 127, 128, etc etc - about 20 years of pure not wantness. no one wants. no one cares.