R32 Gt-R V-Spec & V-Spec Ii Register (Inc N1 V-Spec & V-Spec Ii Models)

[(OO)SKYLINE(OO)]

I mentioned under these photos on FB that Iron Chef posted, that i would expect this to go to auction and get about 5 mill yen. However, the bid didnt get that high and was passed in at about $43,100 landed and complied. Chef was saying that negotiations to buy post auctions start at about $70k AUD landed and complied into Aussie.

Rarity is not cheap!

So just to clarify, the buy price could have fetched $70K AUD but people are only willing to pay $43K AUD?

[R32N1]

Probably best Chef is the one that discusses this. I dont want to get anything wrong. I was just reiterating what he posted on FB.

However, my understanding was that the bid at auction went up to what would be $43,100 on the road in Australia (including all of Chefs costs), and Chef can negotiate on your behalf with the owner at around $70k on the road in Australia (including all of chefs costs). The owner is the one that would not accept the low bid price at auction.

[(OO)SKYLINE(OO)]

Probably best Chef is the one that discusses this. I dont want to get anything wrong. I was just reiterating what he posted on FB.

However, my understanding was that the bid at auction went up to what would be $43,100 on the road in Australia (including all of Chefs costs), and Chef can negotiate on your behalf with the owner at around $70k on the road in Australia (including all of chefs costs). The owner is the one that would not accept the low bid price at auction.

Ah, I see, just trying to get my head around how the auctions work.

Thanks!

[Aussie_Delivered_R32_GTR]

This is my take on it.......

I think what is being said is that the reserve was around 5 mil yen which is about $52,500.

It had bids upto our equivilent landed cost of $43K.

When you add all the on costs such as shipping and duties and commissions and insurance and GST etc etc, the landed cost would be close to $70K.

Bob.

[mjtown]

I mentioned under these photos on FB that Iron Chef posted, that i would expect this to go to auction and get about 5 mill yen. However, the bid didnt get that high and was passed in at about $43,100 landed and complied. Chef was saying that negotiations to buy post auctions start at about $70k AUD landed and complied into Aussie.

Rarity is not cheap!

I tells ya, they are a good buy right now - especially if you can find a good one locally, like the white one the popped up on this thread a few days ago. Don't let a few kms throw you, mine is at about 85,000km at the moment (it gets used) and it is as strong as an ox. One of the best old-school performance mechanics looks after it here is Adelaide and he reckons it's in great condition. No mechanical signs of age.

When I was in the market for a V-Spec a couple of years ago the importers here is Adelaide had none in stock, and the only one on Carsales was in Queensland and about $15k out of my budget (it was mint though). The importers advised me to wait and buy one locally if I could because the prices in Japan were starting to what you could get them for here - like I said, two years ago. Shortly after that I found mine listed here in these forums. I got lucky. My advice to those who want one is don't wait, and if you can afford it, go for a good, clean stock one.

[mjtown]

The boys at Unigroup did a great job but were niggled with a few leeks that were finally sorted but the end of the night.

Some people! Where did they stuff the leeks Bob?

[Aussie_Delivered_R32_GTR]

Some people! Where did they stuff the leeks Bob?

Lol....... Typo...... Leaks!

[Aussie_Delivered_R32_GTR]

I tells ya, they are a good buy right now - especially if you can find a good one locally, like the white one the popped up on this thread a few days ago. Don't let a few kms throw you, mine is at about 85,000km at the moment (it gets used) and it is as strong as an ox. One of the best old-school performance mechanics looks after it here is Adelaide and he reckons it's in great condition. No mechanical signs of age.

When I was in the market for a V-Spec a couple of years ago the importers here is Adelaide had none in stock, and the only one on Carsales was in Queensland and about $15k out of my budget (it was mint though). The importers advised me to wait and buy one locally if I could because the prices in Japan were starting to what you could get them for here - like I said, two years ago. Shortly after that I found mine listed here in these forums. I got lucky. My advice to those who want one is don't wait, and if you can afford it, go for a good, clean stock one.

I believe you are 100% correct..........

I lived and breathed through the rise and fall of the Australian Muscle Car boom from 2005-2007 and these cars are no different.

Just wait until the Americans start importing these in 2 months time and see what happens to the prices in Japan.

It won't take long until some people work out that it will be actually cheaper to buy these cars from Australia than Japan.

14 years ago a car like this one - http://australianmusclecarsales.com.au/muscle/123694-xb-gt-falcon-coupe would be lucky to fetch $15K.

At the height of the boom it was around $100K.

18 months ago a good clean tidy Ferrari Dino 246 was worth $150,000.00..... They are now more than double that!

R32 GT-R's are great collectibles!

Bob.

[Aussie_Delivered_R32_GTR]

Further to my post above, the same website was buying cars for more money than they sold them for 6 months earlier!

[RS4StagMan]

Yes the Americans have started to import them- 89 and 90 models given they need to be 25 years old to be eligible. This has translated to increased prices at auction in Japan, no doubt, and including the Nismo model, however the 93 and 94 Models (including Vspec I and II) models, I think, are relatively safe for a little while longer.

How much longer i'm not sure.

I agree, sourcing one locally is the go, but difficult to find in good original condition, without major drawbacks, with books/documentation etc and with any sort of Deregistration Certificate out of Japan to confirm the actual mileage travelled.

[RS4StagMan]

Bob I remember the Muscle car era you describe above....it was an insane time in Australia's car history.

[Aussie_Delivered_R32_GTR]

Mate....... I was in the thick of it.

My mate and I founded the Australian Muscle Car Club of NSW.........

We went to every Shannons auction and just couldn't believe what we were seeing.

Every record just kept being broken month after month.

That's why I look at a good V-Spec for $30K and laugh.

I remember a HK 327 Bathurst Monaro which was sold in BUCKETS went for $55K!

They eventually peaked at $200K!

Bob.

[Aussie_Delivered_R32_GTR]

This was one of my cars........

Bought it for $12K, spent $16K on it over 4 months. Owed me $28K. Sold it 6 months later.

http://www.shannons.com.au/auctions/lot/HD65ED5KQNPW4D5W/#.U5AT1nKSya8

Here are a couple more just to make your eyes water........ NOT MY CARS!

http://www.shannons.com.au/auctions/lot/OF177YAQHRD54M8I/#.U5AVanKSya8

http://www.shannons.com.au/auctions/lot/O9C20ZC6J37P1FOC/#.U5AVq3KSya8

Bob.

[mjtown]

I still can not fathom that people would pay that for those Fords when you can get a decent, original Shelby mustang or Z-28 Camaro for far less... and it's a much better car. So overpriced.

For that money you could buy a genuine 1973 RS 2.7 litre 911 and have change.

[mjtown]

But anyway, yes - arguing over $30k for an unmodified, reasonable km R32 GT-R V-Spec with books etc will seem a bit silly in a few years I reckon.

[Aussie_Delivered_R32_GTR]

LOL.......... Insane time.

Prices have come off about 40% from those numbers today but they are slightly increasing again.

Bob.

[Aussie_Delivered_R32_GTR]

But anyway, yes - arguing over $30k for an unmodified, reasonable km R32 GT-R V-Spec with books etc will seem a bit silly in a few years I reckon.

Yep....... Puts things into a clearer perspective.

Bob.

[NISMO]

Any takers?

R32 GTR V-Spec II N1.

This one's from Iron Chef Imports with 50,000 km's and grade 4B.

Expect a landed and complied price around the $40,000+.

A few small mods but can be taken back to stock for collectors.

Was following Chefs post yesterday with a lot of interest, and have to say, i felt a little twitch in my pants when he mentioned what negotiations would start at after it was passed in.

The last N1 I'd seen from Chef before that was a V-spec with 120000k's and some mods, with no books and it went for ~ 40k landed and complied.

Good to see the Japanese are finally realising what they have

Was also interesting reading some of the comments.

My favourites where all the posts saying get rid of the gay wheels!

One can only weep for the youth of today

[Iron Chef]

Results on the car above - bidding went to the equivalent of $43,000 landed and complied, but if you wanted to buy it on negotiation, the owner was prepared to start at what would be $68K landed and complied....I think the owner might be back next week with their budget revised downwards a bit...

[Aussie_Delivered_R32_GTR]

Hi Guys,

Well....... After a hell of a lot of mucking around, the engine bay is almost back to 100% original.

The battery is the wrong one for the car as the positive terminal post should be on the opposite side.

The boys at Unigroup did a great job but were niggled with a few leeks that were finally sorted but the end of the night.

Here are the before during and completed pics of my engine bay.......

Cheers,

Bob.

Finally........ Sourced a correct new JDM style battery 390 CCA's vs 430 CCA's for ADM's with factory battery box/cover and correct positive terminal cover.

Next........ On to some body work...........

Bob.