A consumer has reportedly paid $75,000 for an original VHS copy of 1985’s Back to the Future, starring Michael J. Fox, Christopher Lloyd, Lea Thompson and Crispin Glover, among others.
VHS was the videocassette format that helped launch the home entertainment rental industry in the late 1970s, initially through a network of independent video rental stores and later through such national chains as Blockbuster, Hollywood Entertainment Corp. and Movie Gallery.
In the late 1990s the videocassette was replaced by the DVD, which helped spawn Netflix’s pioneering by-mail disc rental service and Redbox kiosks.
Heritage Auctions, which bills itself as “The World’s Largest Collectibles Auctioneer,” also sold original VHS copies of Back to the Future II and Back to the Future III for $16,250 and $13,750, respectively. Each copy, which came shrink-wrapped with the white MCA Home Video watermark, included signed authenticity from Tom Pollock, the former chairman of Universal Pictures.
The owner of all three “Back to the Future” VHS copies was actor Tom Wilson, who played bully Biff Tannen throughout the movie franchise.
Heritage also auctioned off an original VHS copy The Goonies for $50,000, as well the 1983 VHS copy of Jaws for $32,500.