By Shawn Henry 
A recent sale involving one of the rarest Nissan Skyline GT-R variants has delivered a clear signal that top-tier Japanese performance cars are no longer trailing European benchmarks. A Millennium Jade R34 Skyline GT-R M Spec Nur sold for $442,000, surpassing the price of a new 2025 Porsche 911 GT3 RS and reinforcing how dramatically the upper end of the JDM market has evolved.
Once treated as forbidden icons admired from afar, R34-generation Skylines have moved into a new financial category. The M Spec Nur sits near the top of that hierarchy. Only 285 examples were produced, and its scarcity has become even more significant as collectors anticipate changes in U.S. import eligibility. For now, these cars remain restricted under Show or Display rules, limiting annual driving. Even so, demand has continued to build as early-production cars approach the 25-year threshold that allows full legal importation.
Mileage, traditionally a key factor in valuation, appears secondary at this level. This example shows roughly 37,000 miles overall, yet still commanded its final price without hesitation. Its specification helped explain the result. Finished in Millennium Jade, the most exclusive factory color offered on the R34, the car features a suite of upgrades associated with Nissan’s motorsports arm, including aerodynamic components, suspension enhancements, and lightweight body panels.
Powertrain details further separate this car from standard examples. While the RB26DETT engine is already legendary, this Skyline is fitted with upgraded NISMO R2 engine components. The revised engine setup, showing approximately 9,300 miles, includes supporting cooling and electronic modifications designed to improve durability and performance beyond factory levels.
Inside, the car remains largely original, retaining its factory interior, distinctive M Spec seating, and period-correct digital instrumentation. Documentation accompanies the sale, including import paperwork and a Show or Display exemption tied to a Montana LLC title structure.
The sale adds to a growing list of high-dollar R34 transactions, including another Skyline that recently approached the $2 million mark. Together, these results suggest the market may be defining new benchmarks rather than reaching a peak. With full U.S. legality looming for early cars, many collectors believe today’s prices may soon look conservative as demand accelerates further.
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