Has the Hako bubble burst ?

Robbie J

Club Member
Maybe not a "kid" but overnight this R33-View attachment 46554 which were a £15k car until 5 years ago sold for $200k plus. Yes I know one sale is not concrete evidence ( same as that KPGC10 that sold for $250k didn't set the trend) but recently there seems to be a trend for the money to move to the newer Japanese classics.




Agreed but we are not awash with KPGC10's in UK so I can't look at others to determine if the valuation is a trend or just a one off, hence the question to start this thread.

There are half a dozen in UK I believe and this is the only one that has been publicly been offered for sale.
That 33 lòoks like the one i had 10 years ago, there was a bunch of mp 33 as dealer displays in Japan and some ended up in the uk as test cars for the uk version eg mine or stayed on display hence the low miles.

Sold mine for 10k :-(
 
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johnymd

Club Member
I sold my R34GTR, uk car, V70SKY for £26k. It wasn't that long ago and I think they have gone up a little since then. At least I kept the 240z :)
 

Robbie J

Club Member
So I popped in today, the car is stored in Southampton ATM, I'm not sure the salesperson knows to much about the Skyline generations...they would bring it up to there showroom if I was seriously interested or I could see it down in Southampton.

They purchased it from a private collection with some other cars direct from Japan, I've asked for more info. They were not interested in a R32 GTR trade in (not sure he knew what it was) but would porker as they understand the market for them!
 

Albrecht

Well-Known Forum User
So I popped in today, the car is stored in Southampton ATM, I'm not sure the salesperson knows to much about the Skyline generations...they would bring it up to there showroom if I was seriously interested or I could see it down in Southampton.

I mentioned up-thread that the car was stored elsewhere:

The KPGC10 wasn't actually at the Kew showroom when I was asked to go and have a look at it by a potential buyer. DD had told him it was at one of their other locations and that that they would move it up to Kew if necessary...

They purchased it from a private collection with some other cars direct from Japan, I've asked for more info.

I'm sure a 'purchase from a private collection in Japan' sounds a little more impressive than the fact that the car was purchased from NZ.

Maybe they forgot?
 

Albrecht

Well-Known Forum User
Southampton is a bit further than Brentford....

Lost in translation? I sometimes feel like I'm talking a different language to you...

The DD Classics main showroom is listed as being in North Road, Kew. I realise Brentford is literally a stone's throw away and that we are probably talking about the same address, but my original point was that they have the KPGC10 stored elsewhere and if you pop-in to their London (Kew or Brentford) showroom it won't be there.


Yes, saw the C&SC magazine feature and talked about it at the time. Their comparison doesn't make much sense to me. What have they got in common apart from the three-letter GTR vs GTO emblems? Bizarre. BMW 3.0CSL or Capri RS3100 would have been a little more appropriate.
 

Robbie J

Club Member
They have showroom in Kew and storage in Brentford I know about, the one and Southampton is new to me as its a quite a distance

I agree on the GTO to GTR comparison... Any info on the fact they got it from NZ?

My GTR is in Southampton and will need to pick it up so I can go and see the car in the flesh in a few weeks
 

datsfun

Club Member

I wonder if a small contribution was made by seller to the magazine for this article :devil:

Funny thing is the opening statement is two hundred grand :leaving:


Some non-Japanese market sales data:

Yesterday this heavily modified KGC10 model sold on the Bring A Trailer online auction site for $95,959.00 US plus fees to a buyer in NZ.

https://bringatrailer.com/listing/1971-nissan-skyline-c10-2/

We live in strange times. A RB25 engined KGC10 given the "GT-R" treatment sells for £70k yet a genuine GT-R with s20 engine is not shifting at £120k:conf2:
 

Albrecht

Well-Known Forum User
Any info on the fact they got it from NZ?

Nothing I want to put on a public forum.

Anybody who wants to buy a car like that needs to do their own due diligence. I see nothing, nothing dodgy about the car.

But like I've already said - and has been illustrated on this thread - a lot of people simply don't know what they are looking at, don't know what to look for, or otherwise need someone to hold their hand for them.
 

Albrecht

Well-Known Forum User
We live in strange times. A RB25 engined KGC10 given the "GT-R" treatment sells for £70k yet a genuine GT-R with s20 engine is not shifting at £120k

I still don't get your stance on all this. You want to lump several - radically different - variants, price points and potential owner segments into one category called 'Hako', but I still don't see an opinion. Have you got one? You've got an iron in this fire, so I don't get the schadenfreude I'm reading between the lines.

"Has the Hako bubble burst?". Clearly not, I'd say. Not yet, anyway. DD Classics not yet selling a particular car in the UK is not proof of any pudding that I can see. Cars like that take time to find buyers. It might even go back to Japan, where more people know what it is, and what it is supposed to look like.

The Bring-a-Trailer custom car is a much easier sell in a bigger potential (worldwide) online market. It is going to NZ, so it will cost the buyer a whole lot more than the hammer price. The irony is that it has been jazzed up to look like the cars that made the legend, that carry the history. It basks in stolen light, and that's OK, but I don't want superannuated car breakers telling me that the KGC10 is a "legendary car" when it was bought new by grocery clerks who dreamed of driving a GT-R, but had to settle for something much less.
 

Robbie J

Club Member
they explained that their partner is in NZ hence they sourced the car for them. Agreed the car looks good, whether I am worthy to own it or want a car that I won't drive flat out is another thing
 

Albrecht

Well-Known Forum User
they explained that their partner is in NZ hence they sourced the car for them.

So not "direct" from the "collector in Japan", right?

They are used car dealers, so you have to expect some level of sexing-up of the story. Stuff like 'direct from a private collection in Japan' doesn't impress me much (useful for selling old bridges to people maybe) and I don't care how many pairs of private or dealer/wheeler-dealer hands it has been through as long as nothing is being hidden.

What counts is the car itself, and ideally you'd want to see a continuous history including the Sport Corner dealer servicing history or - in this car's case - who restored it. If they haven't got that, then why not? It leaves a window open for doubt and suspicion to climb through and squat in. Japanese owners will often refuse to pass history/paperwork on for lesser/more common models (GDPR also a factor) but with a car like this the missing history just frightens off potential buyers.
 

Robbie J

Club Member
They did say they had Japanese history with the car but he didn't know the mileage? I totally agree with you that with a car like this I would want to know the background before buying it. If I had the vin I could ask my mate for the records from sport corner as he knows them well (great to visit). I will go and see the car I would need to sell a car or two to pay for it and I still haven't got in my head around if I want a car that I show more than drive

My current R32 GTR the seller said there are parts that are not there, the ones on it are OK and just as good but he had no idea what he was selling....there is a lot of that going on
 
They did say they had Japanese history with the car but he didn't know the mileage? I totally agree with you that with a car like this I would want to know the background before buying it. If I had the vin I could ask my mate for the records from sport corner as he knows them well (great to visit). I will go and see the car I would need to sell a car or two to pay for it and I still haven't got in my head around if I want a car that I show more than drive

My current R32 GTR the seller said there are parts that are not there, the ones on it are OK and just as good but he had no idea what he was selling....there is a lot of that going on

it'd be an amazing car to own. you should drive the car more than you 'show' it. Or just don't show it full stop and enjoy driving it. it'll be insured, so if you have it insured for replacement costs, theres no issue.
 

datsfun

Club Member
I still don't get your stance on all this. You want to lump several - radically different - variants, price points and potential owner segments into one category called 'Hako', but I still don't see an opinion. Have you got one? You've got an iron in this fire, so I don't get the schadenfreude I'm reading between the lines.

You are reading a bit too much into my question. It was a general question that merged all the models into one as you note. The s20 variant is the most desirable variant and yet we have a case here where its struggling to sell at almost 50% of the original asking price. This is what got me thinking.

In my opinion there is 1 person who wants an original car for every 50 that want a modified example. This is certainly the case in Zed circles and I reckon the same in Hako circles ( including PGC10 variants).

Perhaps that is why this bone stock car is not shifting?


The Bring-a-Trailer custom car is a much easier sell in a bigger potential (worldwide) online market.

Agreed. I would have thought the sales team @ DD would have done their homework and used that platform.

It is going to NZ, so it will cost the buyer a whole lot more than the hammer price. The irony is that it has been jazzed up to look like the cars that made the legend, that carry the history. It basks in stolen light, and that's OK, but I don't want superannuated car breakers telling me that the KGC10 is a "legendary car" when it was bought new by grocery clerks who dreamed of driving a GT-R, but had to settle for something much less.

Imagine if it gets registered in NZ as a Nissan Skyline GT-R.
 
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