Cervantes published the two volumes of his masterpiece Don Quixote in early 17th century that came to be known as the first modern novel as well as a precursor to the postmodern novel. This book is considered as a canon in Western literary tradition and is one of the most translated works. The novel has the dichotomy of ideal and real at its core, however, it deals with a multitude of themes through its complex narrative. This metafictional text that continues to inspire its readers even today, questions the definition of authorship as well as readership. It holds a special relevance in every age since the publication of its first volume in 1605, nevertheless, for varied reasons. In the present work, a detailed study is done to understand the multivalence and relevance of the myth of Don Quixote in different ages that are characterised by their distinct epistemic beliefs.