The Nissan Skyline GT-R R34 is one of the most iconic Japanese performance cars ever built. But most people who love it only know one version of it.Production ran across four model years — 5,798 units in 1999, 1,881 in 2000, 2,166 in 2001, and 1,732 in 2002 — totaling 11,578 cars across the entire R34 GT-R run. But between 1999 and 2005, Nissan and NISMO built a deliberate lineup of special editions, each engineered for a specific purpose. Some were built to win endurance races. Others were tuned for long-distance comfort. One was essentially a Le Mans racing car with a license plate.This list runs from the most widely available special edition down to the absolute rarest — so you can see exactly how the R34's legend was built, one variant at a time. By the time you reach number seven, you'll understand why a single example is conservatively valued at more than $2 million today. 1999–2002 Nissan Skyline GT-R V-Spec Production Volume: 4,192 Examples Via: Bring A Trailer The V-Spec — short for Victory Specification — launched alongside the standard R34 GT-R in January 1999 and stayed in production for the full three-year run through 2002. It was the first step up from the base car, and the one that set the tone for everything that followed.Nissan built the V-Spec as the driver-focused version of the R34, and it showed in every technical decision. It added the ATTESA E-TS Pro active rear differential, revised suspension tuning, a 15mm lower stance, and both a front splitter and a carbon fiber rear diffuser. The multifunction display was also expanded to show intake and exhaust temperatures — a detail that tells you exactly what kind of driver Nissan had in mind.Via: Bring A Trailer Under the hood, it carried the same 2.6-liter RB26DETT twin-turbo inline-six as the standard GT-R, officially rated at 276 hp — though that figure was part of a gentleman's agreement between Japanese manufacturers, and actual output was higher. With 4,192 units produced, it remains the most widely available R34 special edition and the most attainable entry point into the variant hierarchy.A well-maintained V-Spec with average mileage currently sells for around $230,000. For a car that costs this much to own, it's still considered the most accessible of the R34 special editions — which says everything about where this list is headed. 2000–2002 Nissan Skyline GT-R V-Spec II Production Volume: 1,855 Examples Via: Bring A Trailer The V-Spec II arrived in August 2000 as part of the Series 2 refresh and stayed in production through the end of the R34's run in 2002. It wasn't a complete redesign — it was a focused set of improvements based directly on what drivers and engineers had learned from the original V-Spec.Every change Nissan made was deliberate. The suspension was stiffened further, the rear brakes were upgraded, and the hood was swapped for a carbon fiber panel featuring a NACA duct — one of the most recognizable visual details on any R34. The interior received updated turn signal lenses, black cloth seating, and aluminum pedals, keeping the car firmly in track-focused territory.Via: Bring A Trailer The engine remained the 2.6-liter RB26DETT twin-turbo inline-six with the same official 276 hp rating, but the chassis improvements made it feel more connected and more capable than the V-Spec it replaced. At 1,855 units produced — less than half the V-Spec run — it is meaningfully rarer without being difficult to find on the collector market.Average sale prices sit at approximately $231,958, with the highest recorded sale reaching $577,500 in August 2022. The carbon fiber hood and NACA duct have since become two of the most copied design elements in the R34 modification scene, which makes an unmodified original V-Spec II increasingly valuable to collectors who want the real thing. 2002 Nissan Skyline GT-R V-Spec II Nür Production Volume: 718 Examples Via: Bring A Trailer From February 2002, Nissan offered an optional upgrade package on the V-Spec II called the Nür — named after the Nürburgring, the German race circuit where the R34 underwent its most demanding development testing. It was one of the last variants produced before the entire R34 line closed in August 2002, and it remains one of the most significant.The defining upgrade was under the hood. The Nür received a version of the RB26DETT built to N1 racing specification, featuring altered camshaft timing, larger turbos with steel blades replacing the standard ceramic units, and a ball-bearing center section that allowed boost to build faster. Official output remained at 276 hp in line with the manufacturer agreement, but independent testing consistently showed real-world figures closer to 330 hp. Every Nür engine left the factory with gold-painted valve covers and a matching gold VIN plate — details that make authentication straightforward.Via: Bring A Trailer The exterior carried over the V-Spec II's carbon fiber hood, and the car added a 300 km/h (186 mph) speedometer and stiffened suspension. Of the 718 units built, only 156 were finished in Millennium Jade, the exclusive color that has since become the most sought-after R34 specification among collectors.A near-new example sold at auction for $530,000 — the same car had changed hands for $316,500 just three years earlier. Average sale prices across both Nür variants sit at approximately $390,019, and the trajectory has only pointed in one direction. 2001–2002 Nissan Skyline GT-R M-Spec Production Volume: 366 Examples Nissan Skyline GT-R M-Spec-1The M-Spec was introduced in May 2001 as a late addition to the R34 lineup, and it took the GT-R in a direction no previous variant had explored. Produced for just over a year before the R34 line closed in 2002, it was the smallest production run of any non-competition R34 special edition up to that point.The M stands for Mizuno — as in Kazutoshi Mizuno, the Nissan engineer who oversaw much of the GT-R's development. Where the V-Spec variants were built around track performance, the M-Spec was built around refinement. It introduced "Ripple Control" shock absorbers, a proprietary damper system designed to filter out road noise and vibration while still maintaining the GT-R's characteristic handling composure. The interior matched that philosophy with heated leather seats and a leather-wrapped steering wheel — luxuries the V-Spec intentionally left out. Under the hood, the same 2.6-liter RB26DETT twin-turbo inline-six carried over, and the car received an aluminum hood, though without the NACA duct found on the V-Spec II.With only 366 units built, the M-Spec is considerably rarer than either V-Spec variant, but it has historically been overlooked by buyers focused on outright track credentials. That's starting to change, and collectors who understand the full R34 story are increasingly treating the M-Spec as one of the lineup's most undervalued entries. 2002 Nissan Skyline GT-R M-Spec Nür Production Volume: 285 Examples Via: Bring A Trailer The M-Spec Nür arrived in February 2002 alongside the V-Spec II Nür, built during the final months of R34 production before the line closed later that year. It combined two things that had no business working together — a grand touring interior and a Nürburgring-spec racing engine — and the result is the most compelling contradiction in the entire R34 lineup.Of the 1,003 total Nür units produced, only 285 were M-Spec, making it the rarer of the two Nürburgring variants. That's a small number for a car that most collectors are still discovering.Via: Bring A Trailer The engine was the same N1-derived 2.6-liter RB26DETT found in the V-Spec II Nür — larger turbochargers, altered camshaft timing, and a ball-bearing center section for faster boost response. Official output was listed at 276 hp, but real-world figures were consistently closer to 330 hp. The suspension received a stiffer rear sway bar, and the M-Spec's signature Ripple Control dampers, and the interior was finished in leather rather than the V-Spec II Nür's cloth.The cabin also included a 300 km/h speedometer, and of the 285 units built, only 144 were finished in Millennium Jade. The highest recorded sale reached $675,000 in January 2024, and the M-Spec Nür has quietly become one of the strongest auction performers in the R34 family — driven by a combination of rarity, refinement, and a racing engine that most buyers didn't expect to find inside a leather-lined GT-R. 1999 Nissan Skyline GT-R V-Spec N1 Production Volume: 38 Examples Via: Bring A Trailer The V-Spec N1 wasn't a late addition or a special send-off — it was built from the very start of R34 production in 1999, created specifically to homologate the GT-R for Japan's Super N1 Taikyu Endurance Racing Series. To compete in that series, Nissan needed road-legal versions of the race car, and the N1 was the result.At 38 units, it is the second rarest R34 ever sold to the public, and it is the variant most directly connected to motorsport. It wasn't built for collectors — it was built for racers who needed a street-registered car to satisfy the rulebook.Via: Bring A Trailer The N1 carried a purpose-built version of the 2.6-liter RB26DETT with an upgraded engine block, altered camshaft timing, larger turbos with steel blades in place of the standard ceramic units, and a ball-bearing center section for faster boost response. To keep weight down, it was sold without air conditioning — a detail that tells you everything about its intended use.There is no regular public auction data for the V-Spec N1. Sales happen privately, and owners rarely let them go, which is its own kind of statement about how the collector community values them. It is rarer than any Nür variant, yet less liquid at auction because its stripped-out character appeals to a narrow group of buyers — making it one of the most debated entries in the entire R34 hierarchy. 2005 Nissan Skyline GT-R NISMO Z-Tune Production Volume: 19 Examples (20 Built) Via: NISMO The Z-Tune was publicly announced on January 14, 2005 — nearly three years after the last standard R34 rolled off the line in August 2002. It was built to mark NISMO's 20th anniversary, and it stands as the final chapter of the R34 story, arriving long after the book was supposed to be closed.NISMO had to make the case to Nissan that it should exist at all. Engineers sourced 19 used V-Spec II cars, each with under 18,000 miles on the clock, stripped every one of them to bare metal, and rebuilt them entirely from the ground up. A 20th car was completed and retained by NISMO itself; 19 were sold to the public.Via: NISMO The engine was bored out to 2.8 liters using internals developed from NISMO's Le Mans racing program, producing 493 hp — more than the first-generation R35 GT-R that Nissan would release two years later in 2007. The body was re-skinned in carbon fiber, the brakes were NISMO-spec Brembos, and the wheels were Rays LM forged units. Inside, the cabin was finished in red and black leather with NISMO badging throughout. At launch, each car was priced at ¥17,700,000, equivalent to approximately $160,000 at the time.Today, it is the most expensive R34 GT-R you can buy. Conservative market estimates now place the Z-Tune above $2 million, and one example has changed hands publicly in recent years. It is the most extreme, the most valuable, and the last special edition R34 ever built — and the clearest possible proof that Godzilla's legend kept growing long after production ended.