This is a hot name, Kathir, very nice reg.
'Classic' is often used in conjunction with contests/tournaments, things like tennis, bodybuilding, car shows, etc etc.
Since your name implies it's a contest for teens, I think if you approached every contest promoter for high school tournaments you can get an address for, you'll find an end user who will pay some high cashola for this. Science fairs, spelling bees, debating clubs, track and field or any other sport meet, any kind of teen achievement ceremony.
Extremely versatile, but beautiful use of both those words, I think married perfectly together. Don't be in a hurry to let it go cheap. Even Coka Cola Classic might like it... to put on the sides of coke machines that are in schools/colleges?
And I'm just getting started. There's a lot of use for this name, with high-paying end users possible here. Even going outside the school use, could be for a gamers competition...