1985 Suzuki RG500 Walter Wolf

SOLD FOR: $20,437

Reserve price has been met.

This auction ended on January 6, 2024

Winner: t****t

Winning Bid: $19,100
Buyer Fee: $1,337
Total: $20,437

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Additional photos are available here for your perusal.

Derived straight from Suzuki’s half-liter RG Gamma XR45 factory Grand Prix racer, the RG500 was a road-legal replica racer produced between 1985 and 1987. From the mid-‘70s to the mid-‘80s, Suzuki was a dominant force in premier class competition. Barry Sheene achieved back-to-back 500cc championship titles in ’76 and ’77 before the Gallina Suzuki team repeated the feat half-a-decade-later with riders Marco Lucchinelli and Franco Uncini in ’81 and ’82. Suzuki also won seven consecutive 500cc Class Constructors’ titles around this same time.

To capitalize on the brand’s reputation for building high-performance race bikes, Suzuki decided to develop a slightly-tamed production version of its competition square-four machine. The production model’s engine was based on the XR45’s race-bred 130 hp unit. The 498cc, rotary valve, twin-crank, two-stroke, square-four featured Mikuni 28mm flat-side carbs, an exhaust utilizing SAEC (Suzuki Automatic Exhaust Control), a six-speed cassette-style gearbox, and thermostatically controlled liquid-cooling. Elements such as the barrels and crankcases on the RG500 were virtually identical to those on the XR45, though a few changes were obviously made for the sake of the road-going model’s longevity.

The race-derived motor put down as much as 95 hp at 9,500 rpm and 53 ft-lbs of torque at 8,000 rpm. Weighing in at just 340 lbs dry, the RG offered a top speed of over 130 mph and could fire off quarter-mile runs in 11-seconds flat. The Suzuki’s 16-inch front-wheel held a set of twin 260mm discs and quad-piston calipers while the 17-inch rear hoop sported a single 210 mm disc with a dual-pot caliper.

Like the powertrain, the RG500’s frame was also borrowed straight off the race bike; a lightweight box-section aluminum alloy perimeter frame with a cast steering head that funneled air toward the carbs. Tacked onto the front was a set of 38mm forks with preload adjustment and Suzuki’s “POSI DAMP” anti-dive system, while out back the square-section double-sided alloy swing-arm was hooked up to a full-floating monoshock.

Classic Motorbikes described the Gamma’s place among its competitors by stating, “Place the RD500, NS400 and RG500 Gamma side-by-side and you would have three of the top manufacturers attempts at producing a replica of their respective GP racers, however, with all but one of those machines, all you purchased was a mere shadow of the original design. That is not to say the others were rubbish, far from it in fact, but the RG was definitely nearer the mark, and actually far closer to the race machine than you might ever imagine. The Suzuki is almost an exact replica of the race machine.”

This example is VIN: HM31A103276. It came to Iconic as an import from Japan.

The odometer shows 9,544 kilometers (5,930 miles).

In preparation for the listing, the seller had us replace the battery, the coolant, the gearbox oil, the brake pads and fluid, the spark plugs, and the fuel lines. We also cleaned and synced the carbs, cleaned the front brake piston, installed a new chain and sprockets, and gave the bike a thorough detailing. Finally, we installed new Bridgestone Battlax BT46 tires with date codes of 0721 and 1622.

Gas Tank Internal: Ok
Tire Year Front: 0721 / Rear: 1622
Tire Life Front: 100% / Rear: 100%
Tire Press Front: 36PSI / Rear: 38PSI
Brake Life Front: 100% / Rear: 100%
Suspension leaks: No
Drive Chain: New
Hydraulic Front and Rear Brake Fluid:
Oil Quality: New Level: Good
Coolant Quality: New Level: Good
Low Beam: Ok
High Beam: Ok
Turn: Ok
Tail Light: Ok
Brake Light: Ok
Plate Light: Ok
Kill: Ok
Horn: Ok
Battery: New
Test Ride: ok, Unit operates as designed

• Body work is in fair condition
• Some scrapes, etc.
• Lower fairing has multiple breaks but is complete
• Some signs of corrosion and rust on upper right exhaust cover

Services Recommended:
• Brake Caliper, front master brake cylinder vapor blast and repaint
• Vapor blast handlebars and lower forks/Anti-dive plates
• Powdercoat wheels


Inside of the tank:

The sale includes two keys.

Cosmetic Blemishes: please see the album up top for all known cosmetic blemishes. Here is a selection:

Currently located at our facility in Santa Monica, California (please make an appointment for an inspection), this Suzuki is offered on a clean Tennessee title. Please note that as an import, this bike lacks certain compliance and emissions stickers that the state of California would require to transfer a title. Have any RG500 stories or questions about this listing? Let us know in the “Comments” tab!

Additional Information


Santa Monica, California













Title State/Country


Private Party/Dealership


Additional Charges


Total Bids Placed: 24

Auction has ended.

Highest bidder was: t****t

Bidder Name Bidding Time Bid Auto
t****t January 6, 2024 12:59 pm PST $19,100 Auto
m**********l January 6, 2024 12:59 pm PST $19,000
t****t January 6, 2024 12:59 pm PST $18,600 Auto
m**********l January 6, 2024 12:59 pm PST $18,500
t****t January 6, 2024 12:59 pm PST $18,200 Auto
m**********l January 6, 2024 12:59 pm PST $18,100
t****t January 6, 2024 10:35 am PST $18,000 Reserve
t****t January 6, 2024 10:35 am PST $17,100 Auto
t****t January 6, 2024 8:46 am PST $16,600
m*********9 January 6, 2024 8:46 am PST $16,500 Auto
m*********9 January 6, 2024 6:07 am PST $15,100
t****t January 6, 2024 6:07 am PST $15,000 Auto
t****t January 5, 2024 8:13 pm PST $12,100
b*****0 January 5, 2024 8:13 pm PST $12,000 Auto
b*****0 January 2, 2024 2:17 pm PST $10,150
t**************r January 2, 2024 2:17 pm PST $10,050 Auto
b*****0 January 2, 2024 2:17 pm PST $10,000
t**************r January 2, 2024 2:17 pm PST $7,100 Auto
b*****0 January 2, 2024 2:17 pm PST $7,000
t**************r January 1, 2024 6:12 am PST $5,100 Auto
j*m January 1, 2024 6:12 am PST $5,000
t**************r December 31, 2023 9:42 am PST $3,100 Auto
j*m December 31, 2023 9:42 am PST $3,000
t**************r December 30, 2023 4:30 pm PST $1
Auction started December 30, 2023 4:05 pm PST
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Shipping Information

Continental US:
Haul Bikes will ship anything sold through Iconic for a starting rate of $750 in the Continental US (prices may increase in rural markets), and Iconic will handle the paperwork on your behalf. You do not need to crate your bike or drain the gas/disconnect the battery if you go with Haul Bikes. We are glad to work with the shipper of your choice as well, but you will have to arrange it.

Please note:

  • spares/extras will have to be shipped separately via FedEx or similar.
  • the fee includes $15,000 of insurance with a $500 deductible. Additional insurance can be purchased at a cost of $50 per additional $5,000 of value.
  • additional details can be found here

Southern California
On a case-by-case basis, we can transport motorcycles in our van.

We are located in Santa Monica, California 90405.
Local Rates (one way):
0-50 miles: $150
50-150 miles: $300

Please contact concierge@iconicmotorbikes.com for a quote.

We recommend TFX

$1,500 for Los Angeles, CA to Canada is a ROUGH ballpark, please contact TFX for an exact quote including shipping and customs.

Europe and Asia:
We recommend Shippio

$5,000 for US to Europe/Asia is a VERY ROUGH ballpark which includes transport as well as customs fees and duties. Please contact Shippio for an exact quote.

Australia/New Zealand:
We recommend Bikes Abroad

$1,500 for US to Australia is a ROUGH ballpark, please contact Bikes Abroad for an exact quote including shipping and customs.

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