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You don't need to downsize. (Edit: Does your grandma need a surgery? No? Carry on, then.)
Seventies-vintage "any guitar" are not investment vehicles but they are cool to have and often fun to play when you want to change things up. If you need to be talked into selling a bass, then you probably shouldn't be selling it.
Seems like the '72 has passed squarely into "investment" territory. If its only value to you is money, what does that really mean? You want money now? Sell it. You want money later? Keep it and hope for the best.
Wait too long and someone will have to sell it for you, just saying.