There's myth and reality. For example I played with bassist that had an early 70s Fender Jazz bass. That sounded the best on record than anything else he had and he had some guitars that were probably 3 times the price that the old one was, but it just had that mojo. Same with a Gretsch that I played about 20 years ago. Nothing new could replicate that mojo. Same thing with a 1940s Martin - they had brand new guitars that were same build and reissues but this one sounded much better. Then there are some total duds.