I just came across a simple way to up the video RAM for a VBox machine. When you select a machine in the left pane, the settings are in the right pane. Find the Display area and you'll the Video Memory listed at the top of the section. If you hover the cursor over the RAM amount, such as 128 MB, you'll see it turns blue. This is a link. Left-click on it and you should then see a slider bar that goes from 0 to 256 MB. You can change it as you need and click OK.
This beats doing it through a terminal with all the long commands.
This beats doing it through a terminal with all the long commands.