Comedian and former “Saturday Night Live” cast member, Pete Davidson, recently revealed an unexpected business venture during an appearance on “The Tonight Show Starring Jimmy Fallon.” In what could be a lucrative move, Davidson admitted to purchasing thousands of sealed VHS tapes in hopes of turning a profit.
Pete Davidson’s surprise investment in thousands of sealed VHS tapes showcases his entrepreneurial spirit and keen eye for potential profit. With retro trends and collectibles on the rise, his unique purchase could prove to be a wise business move in the coming years.
Seizing an Opportunity
While Davidson humorously shared his stoned state of mind when making the purchase, his investment may not be as far-fetched as it seems. The comedian estimates owning between 3,000 to 5,000 sealed tapes, which are becoming increasingly rare as the demand for nostalgic items continues to rise.
Davidson, who expressed his belief that the market for VHS tapes will only increase in value, highlighted that 2026 will mark 20 years since the last VHS tape was produced. Retro trends and collectibles have a history of fetching high prices, and sealed copies of VHS tapes like the ones Davidson acquired have been known to sell for up to $30,000 each.
A Retro Cash Cow
The potential profitability of the VHS tape market was further reinforced by a recent auction where a rare edition of the film “Rocky” on VHS fetched an impressive $27,500. Davidson’s collection puts him in a favorable position should the demand for these nostalgia-inducing relics continue to grow.
A Return to the Spotlight
In addition to his VHS tape endeavors, Davidson is set to host the highly anticipated season 49 premiere of “Saturday Night Live” this weekend. This marks the return of the show after it was abruptly halted due to a writer’s strike. Originally scheduled to host during the previous season, Davidson and his “SNL” colleagues enjoyed a reunion dinner to celebrate their impending return to the stage.
The dinner gathering included familiar faces such as Kenan Thompson, Colin Jost, Chloe Fineman, Heidi Gardner, Punkie Johnson, and “SNL” creator and executive producer Lorne Michaels.