Classic Cars - Yesterday's News or Lessons for the Car Designs of Tomorrow?

What is it about some classic cars that makes them so endearing? No car made 50 years ago is able to compete with its modern day equivalent in terms of performance, practicality, comfort, ride, handling, reliability, or safety, and yet, classic Jaguars, Mercedes-Benz, Ferraris, Porsches etc. regularly sell for many times the value of their brand new (and technically much better) descendants. Why is this?

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Marcus Roffey