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Seriously, with things like presidential legacies and matters of historical importance, it is widely acknowledged that a significant amount of time must pass before the effects of a certain administration, movement or event can be truly put into historical perspective. I'm only trying to apply that prism to significant works of art, that's all. Just because something is "Really Good" now does not mean it will age well or have lasting impact, or have any significance in the lives of people who were not of its time. That, to me, is what a "classic" is.
"Contemporary classic" is an OK term, but it sounds like a word a publicist would like to use...
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