TORQUE GT ● BLOG
R34 GTR Prices - Cutting through the confusion...
If you are struggling to get your head around the R34 GT-R market at the minute, we dont blame you. Having rocketed in price over the past few years, to the point where Bayside Blue GT-Rs were routinely changing hands for less than £25,000 back in early 2015, are commanding over double this figure in 2019. There now seems less certainty to where values are heading.
On the one hand you've got people asking huge sums for the rare, limited production cars such as the V-spec II Nür, while at the other end of the scale recent auction prices in Japan for regular GT-R's appear to have slowed in contrast to only a year or so ago.
All of which could make you feel a little nervous about sticking money into an R34 right now. Is an R34 still a sound investment? Although R34 prices have more than doubled in a short period of time, we're unlikely to see a spike like that again - except perhaps when the cars become eligible for importation to the US in 2024 under the 25-year rule. Although we're already sourcing and storing R34 GTRs (amongst other iconic cars) for our US customers in preparation, the real effect won't be felt until closer to 2024.
In the meantime though, values are unlikely to fall. The R34 is one of the most iconic Japanese performance cars, a cultural titan immortalised in console games, motorsport and on the big screen, and that will continue to buoy prices.
Auction prices in Japan have stabilised over the last 12 months, but auction prices rarely drop below 6 million yen and demand remains strong. If any GT-R's are going to find their values softening, its going to be poorly maintained and/or badly modified cars. Stick with the limited-run cars like the Nür, or standard cars in OEM condition, or even examples sensibly modified with parts from well renowned brands such as NISMO and you'll struggle to go wrong.
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