Possessed said:

The part about guitars is definitely true as well. Even Eric Clapton has said that the expensive guitars are only more expensive to maintain but aren't better guitars.

Here's a picture of Stevie Ray Vaughan with his famous, and most favorite "Number 1" guitar:

I would dare to say that this is not a thousand dollar guitar made from the finest parts. :) (In fact, he found it in a pawn shop for cheap before he got famous because it was all he could afford). But listen to him play it and it sounds amazing, just because of the hands it is in.

Of course it's worth hundreds of thousands now, but that's only because it was his guitar.

Definitely true!

Eddie Van Halen's guitar was built using parts that were heading to the junk pile.

I had a strat copy when I was in my teens that I still play to this day, though heavily modified. I thought it had an amazing sound, and people always bragged about it. When I was about 16 or so, I decided I'd take the paint off and give it a nice dark stained finish. Got to the wood, and found out it was cheap plywood. It's got Fender electronics, but the wood is all cheap stuff.

People forget that many guitarists' first albums feature cheap pawn shop instruments through no-name brand amps.

The only thing I recommend people paying a little more for, are acoustic guitars, because a crappy acoustic is less forgiving than an electric.