Would You Pay Over $600,000 For A Nissan Skyline R34 GT-R?

Unless you’ve been living under a rock in recent years, you’ll know that the value of the R34 GT-R Skyline climbed faster than a fighter jet after take-off.

What was always a relatively expensive example of a JDM ‘hero car’ (particularly compared to the earlier R32 and R33 generations) is now well out of the reach of most of us mere financial mortals. 

A “normal” R34 GT-R will set you back north of $100k, if you can find one … although this will become easier as the R34 generation Skyline is now legal in the United States, with the earliest examples of the R34 GT-R soon to be 25 years old – learn more in our article on why the Nissan Skyline was illegal in the USA for more info.

But when it comes to rare, limited-edition R34 GT-R examples, prices go even more bonkers.

And this latest find from Japan might be one of the rarest, most bonkers-priced examples of all.

Fukuda Engineering in Hokota, Japan has for sale what must be one of the rarest and lowest mileage R34 GT-Rs to come to market in recent memory.

Look at that mileage!

The car is a 2002 R34 GT-R ‘M-Spec’ (more on that later) with an astoundingly-low mileage of 380km/236 miles on the clock. That’s basically delivery mileage, and it means the car has travelled less than 20km per year since it rolled off the production line over 20 years ago.

You can see from the photos that this car presents in as-new condition, down to plastic coverings on seats and gear lever tag. You can view the full listing here

Realistically, this is the closest-to-new you could probably get.

The only issue? (apart from how crap the photos are for such an expensive car … I mean my old Nokia brick phone took better photos)

This particular R34 GT-R M-Spec for sale is listed for 88 million yen.

I don’t claim to be an expert on matters of Japanese currency, but suffice it to say that 88 million yen is a lot. In fact, at the time of writing it equates to a mere $608,000 USD (give or take a few dollars):

Good luck getting this one past the significant other.

In my local currency (NZD) that is nearly $1 million … more than enough to buy outright a nice house in most parts of the country.

But let’s be real, if I won the lottery I’d rather have the R34.

Only 366 examples of the R34 GT-R M-Spec were ever built, and only 122 in this particular colour (EY0 Silica Brass) which according to GT-R Registry was unique to the M-Spec. It also features on the original JDM brochure for the R34 GT-R M-Spec, which you can view in full on the GT-R Registry website. 

The M-Spec is an upgraded V-Spec II but without the carbon bonnet, including heated leather seats and door trims, gold stitching on various control surfaces, and ‘Ripple Control’ suspension which is meant to offer a superior blend of comfort and shock-absorption while allowing for excellent handling and road-holding manners.  The M-Spec also came with a ‘cold weather’ package with features such as a wiper de-icer and stronger battery resistant to cold weather. 

The M-Spec looking good in the official brochure – full info available at https://gtr-registry.com/en-r34-gtr-m-spec.php#Brochure

In other words, it was a top-spec R34 GT-R V-Spec II but with more luxury features and touches, and a more compliant ride owing to the Ripple Control suspension that – according to the team responsible for the car’s development – was better suited to endurance racing and also designed to compete with the best of Europe’s luxury performance vehicles of the time, such as the Porsche 911 Carrera 4 of the time. 

Furthermore, Nissan placed greater emphasis on interior materials and quality than in previous iterations of the Skyline GT-R, once again wanting to prove that Japan could mix it with the best of what Europe had to offer from the likes of Porsche. The R34 GT-R was already a massive leap ahead of the R33, and particularly the R32, in terms of interior quality, but Nissan went as far as employing master leather workers to adorn the interior of the M-Spec.

While the V-Spec II was meant to be the more aggressive “track monster”, the M-Spec was all about offering the best of the GT-R DNA in a package that was much better suited to the rigors of real world driving conditions.

The pricing is mental, and realistically this car will go to a collector/investor who will probably store it away and watch the value of their investment grow … but all I can say is dreams are free.

If you’re flush with cash and want what must be one of the ultimate R34 GT-Rs in terms of everyday ‘drivability’ (thanks to those extra luxury touches) then this R34 GT-R M-Spec must surely be at the top of the list.

Just about the only more desirable model I can think of is the M-Spec Nür, which featured the N1 specification upgraded engine, 300 km/h speedo and other special touches designed to honor the final iteration of the R34 GT-R before the torch was passed to the R35 GT-R. 

What do you think about this R34 GT-R M-Spec … would you buy it if you had the money? 

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  • Sam

    Sam focuses mainly on researching and writing the growing database of Car Facts articles on Garage Dreams, as well as creating interesting list content. He is particularly enthusiastic about JDM cars, although has also owned numerous European vehicles in the past. Currently drives a 3rd generation Suzuki Swift Sport, and a Volkswagen Touareg (mainly kept for taking his border collie out to the hills to go walking)

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