Why are older basses "coveted"???

[Gaolee]

As a younger millennial, I have 4 basses and 1 guitar. All of my instruments are of high quality and exactly what I'm looking for. One was a birthday gift from my parents when I was in college. The others I had to work for or shrewdly trade up to acquire.

I don't need anything more than what I have. I don't have the disposable income to buy a multi-thousand dollar (or older vintage) guitar whenever. I'd rather max out my Roth IRA every year now so that I can actually retire in 35-40 years. Compound interest works in the stock market, not usually with investing in basses.

As an older person, that's what I did, and for the same reason. I'll still keep working until I'm 70. Mostly because I want to make sure the money doesn't run out and because I have a son and daughter in law to pass along whatever I don't use up.