1989 Yamaha FZR750R OW01

SOLD FOR: $27,820

Reserve price has been met.

This auction ended on December 27, 2022

Winner: h*******s

Winning Bid: $26,000
Buyer Fee: $1,820
Total: $27,820

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Additional photos of this 1989 Yamaha FZR750R OW01 are available here for your perusal.

The increasing popularity of the World Superbike Championship since its inception in 1988 has been responsible for the introduction of over-the-counter road bikes boasting specifications aimed squarely at the racetrack. The most famous of these limited edition ‘homologation specials’ is Honda’s iconic RC30, but Yamaha’s answer, the 1989 FZR750R, better known as the OW01, is even rarer and more exotic with only 500 built.

Although it was a street-legal machine, the OW01 had a spec sheet that was all about racing. And at $16,000 plus a few thousand more for the race kit, the OW01 was easily one of the most expensive bikes on the market in 1989. Yamaha crafted the OW01’s aluminum frame from a higher-quality aluminum alloy than its regular offerings. Emphasizing light weight, the engineers went so far as to use an aluminum fuel tank in place of steel.

With a Showa fork at the front and an adjustable Öhlins shock at the rear, it was fit for sharp handling. However, because of its thinly padded foam seat, high-up rear sets, and low clip-on handlebars, it was not exactly built for comfort.

At the center of the FZR750R resided an all-new, extremely over square four-cylinder engine with a 72-mm bore, a 46-mm stroke and five valves per cylinder–a development pioneered by Yamaha some years earlier for high-RPM power. Titanium connecting rods were attached to pistons that used just two rings each for low-friction operation. Fueled by a quartet of Mikuni flatside downdraft carburetors, the OW01 made 121 horsepower (restricted to 77 for the Japanese market), a big number for a 750-class machine in 1989. The engine had an almost two-stroke-like “light-switch” power band that came on hard above 9,000 RPM and pulled to a sky-high 14,000 RPM redline. Yamaha also fitted the OW01 with a close-ratio six-speed transmission that allowed the rider to always keep the engine in the power band pushing around 445 lbs dry weight. A factory race kit (for several thousand dollars more) included upgraded pistons, camshafts, a race-only ECU and a full race exhaust. The published OW-01 quarter mile was 11.20 seconds at 130.81 MPH, with the bike topping out at approximately 160 miles per hour.

The OW01 was never sold as a street bike in the U.S., but when the AMA altered the rules to allow as few as 15 examples sold to homologate a model, Yamaha USA sold them directly to licensed racers and teams, despite the bikes being fitted with headlamps and a full set of gauges. Worldwide, some OW-01s had smooth headlights and taillights, while others had sunken-in headlights and taillights that stuck out.

This example is VIN: 3FV000536.

The odometer shows 4,028 kilometers (2,502 miles).

In preparation for the listing, the seller had us rebuild the forks, clean and sync the carbs, change the oil and oil filter, service the brakes and replace the front pads, and flush the cooling system. We also swapped out the aftermarket HID lights with OEM bulbs and installed new Bridgestone Battlax RS10 tires with date codes of 2221 and 4021.

Finally, we replaced the the windscreen hardware and sent the belly pan out to be repaired and refinished.

Olly did the work, he notes the following in his condition report:
Brake Life – Front: 100% / Rear:80%
Hydraulic Fluid – Front/Rear: Ok, New
Oil – Level: Ok; Quality: Ok, New
Coolant – Level: Ok; Quality: Ok, New
Low Beam: Ok
High Beam: Ok
Turn Signals: Ok
Tail Light: Ok
Brake Light: Ok
Plate Light: Ok
Killswitch: Ok
Horn: Ok

Techserfu titanium exhaust with carbon fiber silencer.

Battery tender lead.

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

Inside of the tank:

The sale includes two keys.

Currently located at our facility in Santa Monica, California (please make an appointment for an inspection), this Yamaha is offered on a clean Oregon title. Have any OW01 stories or questions about this listing? Let us know in the “Comments” tab!

Additional Information


Santa Monica, California






FZR750R OW01







Title State/Country


Private Party/Dealership


Additional Charges


Total Bids Placed: 20

Auction has ended.

Highest bidder was: h*******s

Bidder Name Bidding Time Bid Auto
h*******s December 24, 2022 8:57 am PST $26,000 Reserve
h*******s December 24, 2022 8:57 am PST $25,000 Auto
h*******s December 22, 2022 11:37 am PST $17,223
r********o December 22, 2022 11:37 am PST $17,123 Auto
r********o December 22, 2022 11:03 am PST $16,100 Auto
s*******5 December 22, 2022 11:03 am PST $16,000
r********o December 21, 2022 8:23 pm PST $11,169
m*****9 December 21, 2022 3:12 pm PST $11,069
j**********e December 21, 2022 3:12 pm PST $11,000 Auto
j**********e December 21, 2022 3:11 pm PST $10,850 Auto
m*****9 December 21, 2022 3:11 pm PST $10,750
j**********e December 21, 2022 8:44 am PST $10,300 Auto
m*****9 December 21, 2022 8:44 am PST $10,200
j**********e December 20, 2022 11:57 am PST $10,100
h*******s December 20, 2022 11:57 am PST $10,000 Auto
h*******s December 20, 2022 10:44 am PST $8,100
b*********2 December 20, 2022 10:44 am PST $8,000 Auto
b*********2 December 20, 2022 9:31 am PST $2,600 Auto
b**z December 20, 2022 9:31 am PST $2,500
b*********2 December 20, 2022 9:23 am PST $1
Auction started December 20, 2022 9:03 am 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.

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$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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