Many of us heaved out huge collections of VHS tapes, assuming they would be worth nothing once DVD took over.

If you did so, look away now.

Old VHS tapes can now be worth up to £1,000 each, with a thriving collectors’ market buying up unique films - with up to 50% of films on VHS never having seen release on DVD.

Dale Lloyd of Midlands VHS firm Viva VHS told the Telegraph, ‘It's not just the films. A lot of the trailers that play beforehand are extremely sought after and could be lost forever if not preserved.’

Lloyd screens selections of old, lost trailers at cinema festivals - and rents classic films.

‘’Fans of Richard Linklater can only own the brilliant SubUrbia on VHS. The same goes for Edgar Wright and his debut feature, A Fistful of Fingers.

Lloyd says that VHS collecting is still in its infancy - but some obscure films, especially horror titles, can already fetch enormous sums.

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