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Sidenote: I think old Fender basses are quite nice. I don't think they are worth what people pay for them. I think they're MUCH more valuable if you inherit one vs. roll over your IRA's to buy one. If people stop over-valuing these things, the prices will drop. Hit the pause button, players! Wait it out and buy when the demand is low.
That is way cool that you have footage of shows from back in the day!
On the whole American vs. Non-American, sure Americans prefer higher quality than Japanese or Korean, or Mexican, for example, because the quality of the build has been shown to be better (or at least, more scrutinized and of more choice woods), but that doesn't mean it's going to be affordable, or sound better to *your* ears. You may, like me prefer a Korean-made Squier bass to an American Fender bass, if you're looking for the tone that it provides. I tend to think there's a level of pretentiousness that goes along with certain makers, such as Gibson. A fine Gibson Les Paul may cost $5,000 new. Gibson manufactures these daily or weekly. Is it really THAT much better than a $1,500 Epiphone of the same caliber, manufactured much the same way in another country? Was the humidity better there? Is this a subjective answer? I own several different basses, from different manufacturers. I evaluate the need, the tone, playability, and otherwise, familiarity and quality for each one. I own some Ricks, a Wal, Fender Jazz, ErnieBall Stingray, a St. Blues, and a Kramer. I've owned other in the past. Knowing the strengths and weaknesses of each is more important to me than what it is and who made it. If I put the Wal to something that needs some bellowing low-end, it's not a match---not at all. But if I want a punchy low-end and a silky mid-range, the Wal is immediately sought.
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A billion tangents in this thread already, so I don't feel too bad... I doubt that the vintage market will drop much. They aren't making new 60's / 70's instruments, so the supply isn't going to increase and most would rather hold on to the instruments than sell them at a loss. The market may cool from time to time, but I don't think there will ever be a huge drop.
My point is, people place so much emphasis on vintage that they'll pay $250,000 for a pristine first Stratocaster (in the hands of Gruhn Guitars in Nashvile), whether it sounds good or not. If nobody seeks them, the prices would drop. We can't fix that, but the reason to pay THAT much money for a vintage instrument can't be likely because of how it sounds.
I simply don't recommend buying an old Fender with a life's savings unless you cannot possibly get the sound you're looking for in something less expensive. Buy it if it suits the sound you're looking for vs. the status or collectable value.
Say what you want, but sure Gibson does have an attitude (maybe not as bad as Ric's but still) I used to think it was all smoke and mirrors. And then I got a huge deal on a real LP. All I could say is WOW! You can say the differences between that and the LP I built from a kit are minor and indeed they are not THAT great. But the point is that even though the differences are minor, they are real and the only way you can make that "last step" is to fork out and put up with Gibson's attitude. Is it worth it? Well that is up to the person. But at least now I can understand why some people do buy expensive instruments even though you can't justify it by minor differences with cheaper ones.
My main axes these days are G&L L2500. Two USA and one Tribute. How big is the difference? Not big. But IS there a difference. Yes, there is. I can FEEL it. I can HEAR it. So is it worth the large increase in cash to have that minor difference? Well, sometimes the Tribby bar bass is plenty. But then sometimes you want EVERY last little thing tweaked as much as it possibly can be. And if you want that, you are going to have to do some work (or pay someone else to do the work) to get it. Simple as that.