Anything over 20 years old is technically a classic.
Rare is how many were made a certain way (this can be boiled down way too far) and that coupled with desirability raises value.
It can be rare an undesirable and not be worth much.
It can be desirable but in great supply and not be worth a lot.
When the two of these intersect,
Think RAIV bird. - yenko 427 - real cobra , GT40 , Ferrari Daytona - etc that’s when the price sky rockets. .
These cars had a good reason for being built which helps but the drive train was kind of an anemic in street form unlike the Grand nationals. Or a turbo TA .
Still kind of a cool car though
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