The rare Nissan Skyline R34 GT-R sells for almost AU$1 million and sets a new record

The rare Nissan Skyline R34 GT-R sells for almost AU$1 million and sets a new record

The record sale price for a Nissan Skyline R34 GT-R has reportedly been set back, with a zero-mileage ‘Midnight Purple II’ example selling in Hong Kong for nearly A$1 million.

An extremely rare one Nissan Skyline R34 GT-R with zero kilometers on his odometer set a record for the Japanese cult classic, which sold for HK$5.1 million – the equivalent of US$972,000 in Australian currency.

Nissan Skyline GT-R Specialists Website GT-R registration claims that the highest retail price ever for an R34-generation GT-R was 55 million Japanese yen (AU$588,000) and was set in 2020.

While AutoBuzz reported in August that a US collector had paid US$1,985,000 (AU$2,959,000) for a Nissan Skyline GT-R earlier this year, the publication later claimed the price had been misrepresented, with the Owner refused to elaborate on how much he paid for the cult classic.

Launched in 1999, the R34-generation GT-R was the last iteration of Nissan’s iconic performance model to bear the Skyline nameplate, as its R35 successor was simply called the GT-R.

When new, the Nissan Skyline GT-R cost almost 5 million Japanese yen in its home country – the equivalent of around AU$56,085 today – but the R34’s popularity has seen prices skyrocket in recent years.

If this Nissan Skyline GT-R sold by Contempo Concept has never been registered in Hong Kong, then due to the region’s high taxes on first registrations, its new owner will have to pay an additional HK6.5 million (AU1.24 million) – bringing the total cost to 11 Brings in HK$.6 million (AU$2.21 million).

According to Contempo Concept’s listing, this particular Nissan Skyline GT-R was built in 1999, although it was recently modified by Nismo, the Japanese automaker’s in-house performance department.

Nismo offers owners of R32, R33, R34 and R35 generation GT-Rs the opportunity to upgrade their cars to “Clubman Race Spec” – replacing mechanical components such as suspension, brakes and transmission with more powerful, more modern parts.

GT-R registration According to reports, the estimated cost of these upgrades in 2019 was about 14.6 million Japanese yen (AU$156,000).

The listing shows that this Nissan Skyline GT-R was also fitted with Nismo’s ‘R3’ engine upgrades, costing an additional 5.5 million Japanese yen (AU$58,600).

Nismo’s R3 upgrades take the Skyline GT-R’s standard 206kW/368Nm 2.6-litre twin-turbo six-cylinder engine and add larger turbochargers, a stronger engine block, upgraded camshafts and new engine tuning, giving the Output is increased to 331 kW/470 Nm.

This Nissan Skyline GT-R has also been painted in the iconic, highly desirable Midnight Purple II colour. GT-R registration claims only 199 of the 11,578 R34 Skyline GT-Rs built between 1999 and 2002 were painted Midnight Purple II.

Contempo Concept claims it has three more Nissan Skyline GT-Rs in stock, all of which are currently being upgraded to Nismo’s Clubsport Race Spec.

Jordan Mulach

Jordan Mulach was born in Canberra/Ngunnawal and currently resides in Brisbane/Turrbal. Jordan joined the Drive team in 2022 and has previously worked for Auto Action, MotorsportM8, The Supercars Collective and TouringCarTimes, WhichCar, Wheels, Motor and Street Machine. A self-proclaimed iRacing addict, Jordan finds himself either behind the wheel of his Octavia RS or berating his ZH Fairlane over the weekend.

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