A point that needs to be mentioned, and has already been alluded to, is the very questionable, if not outright abysmal condition of so many "vintage" guitars. And I'm not speaking of originality issues, but of structural and functional integrity issues. Some of these wrecks are priced beyond what any reasonable person would spend, as dealers respond to the niche frenzy to acquire a vintage instrument.
I've played vintage guitars at reputable dealers, which were just plain screwed over---- obviously mistreated, barely functional, and with many badly done repairs----and which were priced beyond anything that reflected the state they were in.
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