VHS copy of ‘Back to the Future’ sells for $75,000, setting new auction record

Works of art bring in more than $354 million at auction 0:53 (CNN) — Sometimes nostalgia comes at a great price. A sealed and nearly mint condition Back to the Future VHS tape from 1986 recently sold at auction for $75,000, setting a new record for a videotape. The VHS copy was owned by actor Tom Wilson, who played Biff Tannen in the classic ’80s movie. Wilson initially put the tape, along with others, on eBay, but withdrew it after receiving an overwhelming response. He then contacted Heritage Auctions in Dallas to make a proper sale. Wilson’s collection included sealed and classified VHS tapes of Back to the Future II, Back to the Future III, and the Back to the Future trilogy boxed set from the 1990s. What made this collection special was Wilson’s offer to write a note to accompany each tape and sign each shipment. The VHS copy of “Back to the Future” that sold for $75,000. A New York collector won a bidding war for the VHS copy of Back to the Future, Heritage Auctions said, adding that the $75,000 price was “the highest price ever paid at auction for a sealed and classified VHS tape.” “. VHS tapes are experiencing a resurgence among collectors, and Heritage Auctions has made big bucks for movies like The Goonies, Ghostbusters and Jaws. “We had no idea what was going to happen – no one had done this before and to see the success is incredible,” Joe Maddalena, executive vice president of Heritage Auctions, told CNN. “When you see it, it’s a great sense of accomplishment, not even the financial aspect, but just a moment of ‘I knew it! I knew nostalgic VHS tapes would be good.'” Maddalena said he hopes the sale will bring renewed interest in VHS tapes and encourage more celebrities to part with their collections.