A rare variant of the Nissan Skyline GT-R, the Nismo 400R, has seen its market value climb to over $1 million. This high-performance model from the R33 generation, produced in limited numbers, is now among the most valuable Japanese performance cars. One example is currently listed for $1.1 million through Broad Arrow Auctions.
The Nissan Skyline GT-R has earned a lasting reputation as one of Japan's most influential performance cars, with generations like the R32, R33, and R34 known for advanced engineering and racing success. The R32, in particular, gained the nickname "Godzilla" due to its dominance on the track.
Within the R33 lineup, the Nismo 400R stands out as a specialized version developed in 1997 by Nismo, Nissan's performance division. The project aimed to maximize the potential of the RB26 engine. Collaborating with tuning firm REINIK, which had experience with Calsonic R32 GT-R race cars in Australia and Japan, as well as Nissan's Le Mans programs in 1995 and 1996, the engine was bored and stroked to deliver 395 horsepower and 347 lb-ft of torque at 4,400 rpm. This setup enabled a top speed of 186 mph, competitive for its time.
Nissan initially planned to produce 100 units, but with R33 Skyline production ending in 1998 ahead of the R34 introduction, only 44 were built. All were sold exclusively in Japan, and roughly half—about 22—are thought to remain today. This scarcity, combined with its engineering, has boosted its appeal among collectors. While standard R33 Skyline GT-R models typically sell for around $73,000, the Nismo 400R's value has soared into seven figures.
A current listing via Broad Arrow Auctions seeks $1.1 million for one example, underscoring the model's shift from obscurity to high-end status.
