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Wales Online
Wales Online
National
Ben Hurst

Nissan sells for £700,000 after bidding war at auction

A Nissan has sold for more than £700,000 at auction, smashing through its reserve price. The ‘astonishingly rare’ vehicle went for the price of about three Ferraris at the Collecting Cars auction after a bidding war broke out.

The Nissan Skyline R33 GT-R Nismo 400R went for £701,400, and the reason is there were just forty of the performance vehicle understood to have been built. Ed Callow, Collecting Cars auction specialist, explains: “For around £200,000 to £250,000, you could currently buy a very usable Ferrari 250 GTE or 330 GT from the 1960s.

“And while you’ll pay more for a perfect concours-winning car, the values are still a world away from what the winning bidder paid for this 1998 Nissan Skyline GT-R Nismo 400R. With a production run of approximately forty cars, and only around half that number physically accounted for, the Nismo 400R borders on the mythical for Japanese car enthusiasts.

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