Back from the dead, VHS tapes trigger a new collecting frenzy ...Middle East

NEW YORK: Long relegated to an obscure corner of the collectibles market, VHS tapes have been fetching eye-popping prices at auctions in recent months, thanks to nostalgia and an appetite for new investment opportunities.At a sale by Heritage Auctions in June, a “Back to the Future” videocassette went for $75,000, while “The Goonies” and “Jaws” copies were sold for $50,000 and $32,500, respectively.Videotape collectors have been around since the late 1970s, when the format was first introduced, but these days most “VHS tapes are worth next to nothing”, according to John, from Newmarket in Canada, who claims to have sold around 3,000 of them over span of more than 20 years.“You’ll be lucky to

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Last updated : 08 July 2022 clock 05:44 AM

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Back from the dead, VHS tapes trigger a new collecting frenzy ...Middle East

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