
I wouldn't pay $25K for one but there are a few things to remember.
Everything he said about the mahogany is true. The old-growth wood came from bigger trees, bigger boards allowed better cuts of wood. The old stuff was harvested on flat ground because it was easier. Later loggers started harvesting wood from hillsides. Because of water running down the hills, the wood picked up lots of mineral content. This is why the wood used in the 70s and beyond is so heavy and often sounds dead.
Brazilian rosewood used in these guitars is harder and denser than the Indian and other species used nowadays. Makes a difference.
Also the glue and finish. Yup, all true all makes a difference you can hear and feel.
Eastern Rock maple is also harder and more tightly grained than the Western species commonly used.
Modern woods are kiln and chemically dried. They never stabilize the way shed-dried wood did.
Back in the day, Gibson made a few thousand guitars a year. The wood was laying around for years.
Two stories: First, I had a copy made in the 80s by a luthier (Mike Koontz) from 100-year-old shed dried mahogany, 50-year-old Maple and a salvaged Brazilian board. Regardless of the pickups in there (originally real PAFs, they were sold when the money got too good), and later a variety of custom pickups, the guitar had "it". Sounded better than some original 'bursts, not as good as some others, but it was in the hunt. Here's a picture (on the right):
Second: Not sure of his work, Peter took a Flying V he made to be authenticated -- I believe it was Dan Erlewine, but maybe another shop. The thing passed with flying colors, even smelled right.
This is just esoteric stuff for us old farts, though. Plenty of great music being played on Squiers and Epiphones.
P.