Lots of good points in this thread... yet I still have a hard time calling an early 80s Fender "vintage," even though by many standards, it applies. 
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I mean, such a definition is "vintage" in the most traditional sense; the word comes from winemaking in which "vintage" refers to a harvest of grapes from a particular place in a particular year that yielded particularly good wine. "Vintage" wine is not simply old wine; it is wine that comes from one of those good harvests. Wine can be old and yet not vintage, if it didn't come from a good year or if it's a blend of several harvests. Instruments are much the same in terms of quality.
Personally I think it's a dumb word to use specifically because of the reason that you stated. But I do have an unscientific belief that "vintage" instruments (in the sense above; not just "old") do tend to sound better when I have the chance to play them. But I also believe they share that quality with the better made offerings you can find today.
So, to me, whether an instrument is "vintage" or not is less important than how it sounds, but "vintage" instruments definitely tend to have something different about them in that respect.
EDIT: ope, looks like I was late on the wine thing.
If I'm selling, it's vintage / seasoned.
If I'm buying, it's old / worn.
TalkWineLet's remember that the word vintage has as its root vin - wine. Therefore, in its original usage, you might ask "What is the vintage of this cabernet?" and be told "1988." Vintage, unlike antique, does not imply "old."
TalkWine
Saying 'Vintage' is a marketing trick. Tell them what nick your basses are in and how old they. Readers can choose for themselves, whether or not to call any of them vintage.As I'm selling off some of my older basses, I started to wonder if I should call them vintage or not. Looking around the web I found several answers, but for different items.
Some antique dealers say vintage furniture for example, is 20-99 years old, some say 40+.
I've always considered it to be around 20+ years, but what do you guys think?
Vintage is just a word used to justify paying 10-20x the new price of an old instrument. Also, builders use the word 'vintage' when they spend a good chunk of their time building overpriced copies of popular instruments that have been around for a while.As I'm selling off some of my older basses, I started to wonder if I should call them vintage or not. Looking around the web I found several answers, but for different items.
Some antique dealers say vintage furniture for example, is 20-99 years old, some say 40+.
I've always considered it to be around 20+ years, but what do you guys think?