Seems a lot for an old banger, even if it's not manky... Plainly I have no taste.
If I had £16000 to spend, would I spend it on that, or on something with half the mileage that, as a car, would be vastly superior to it in every possible way?
You do see some daft prices on that website, though. It would be interesting if people posted their actual selling prices after/if their particular highly desirable (in their eyes) example of an "emerging classic" was sold.