Yes it appreciates, but... I bought a mid-year Corvette for $10,500 and sold it 22 years later for $31,500. Sounds good.
Now, factor in insurance, registrations, upkeep, new brakes, rebuit motor, suspension, winshield (hard to see out of it after so many years of bugs smashing into it). I might have broke even. Yes, I did enjoy it, but am glad I sold it and put the money on my mortgage to become DEBT FREE!