Old VHS tapes could be worth a small fortune: 'Rarity and nostalgia'
Movie lovers look forward to seeing ‘Top Gun: Maverick’
FOX Business correspondent Gerri Willis has the latest on the new movie on ‘The Claman Countdown.’
June 7 is National VCR Day.
Yes, you read that right. Videocassette recorders are still around and there are enough of them to justify a spot on the National Day Calendar — the national day marketing calendar under digital media company Zoovio, Inc.
While most people have retired their VCRs, not everyone has gotten rid of these devices or the VHS tapes that worked with these physical video players.
Some might even be holding onto the retro gadgets after seeing that a sealed, mint-condition "Star Wars" VHS tape from 1977 sold for $57,600 in New Jersey by Goldin Auctions, a collectibles auctioneer, in December 2021.
FORGET NETFLIX, SOME MOVIE FANS REWIND TO VHS TAPES
If you have a collection of a limited-edition or unopened VHS tapes, you could be in ownership of a small fortune.
"Most VHS tapes aren't worth that much money and will sell for only a few dollars," Baruch Labunski, the CEO at Rank Secure, a Toronto-based digital analytics firm, told FOX Business.
"Rarity and nostalgia are what makes some VHS tapes valuable," Labunski continued.
"An original ‘Star Wars’ tape can fetch $3,500 if it's in a sealed package. A three-piece ‘Halloween’ movie set can bring in $500. A lot has been made of the Walt Disney Home Video releases from 1981. The Black Diamond editions bring in the most money, with most ranging between $50 and $300."
HOW MANY DRIVE-IN MOVIE THEATERS ARE IN THE US?
Labunski added that opened and used VHS tapes tend to have their value "dramatically" lowered.
VCRs – videocassette recorders – can record television programs or play recorded movies and shows. (iStock) "Most VHS tapes are sold on eBay," he said. "Looking at the recent sales of Disney movies, the price range was $20 to $316. Cult classic VHS movie prices ranged from $35 to $200." In the auction world, appraisers have listed VHS tapes that are racking up bids that are thousands of dollars. WHY DID THE DRIVE-IN MOVIE INDUSTRY DIE? At the time of publication, Goldin Auctions has a dozen VHS tapes that have a current bid of at least $1,000. The available titles are "The Blues Brothers" (1980), "Star Wars" (1977, 1984), "Star Wars: The Empire Strikes Back" (1984) "Alien" (1984), "Batman" (1989), "Coming to America" (1990), "Double Impact" (1991), "Batman Forever" (1995), "Jurassic Park" (1994), "Happy Gilmore" (1996) and "Blade" (1998). VHS – short for video home system – are cassette tapes that record analog video content. (iStock) Heritage Auctions, a Dallas-based auction house, on the other hand, has 260 VHS tapes up for sale. The four VHS tapes that are leading Heritage Auctions’ VHS tape lot are "Back to the Future" (1986), current bid of $20,000; "Star Wars" (1984), current bid of $17,000; "First Blood" (1982), current of bid $12,000; and "Jaws" (1983), current of bid $10,500. GET FOX BUSINESS ON THE GO BY CLICKING HERE Heritage Auctions has sold more than 541,380 VHS tapes, according to the auction house’s past sale archive. Source: Read Full Article
