1989 Yamaha FZR750R OW01 Tech 21 Tribute

SOLD FOR: $31,000

Seller accepted post-auction offer.

This auction has ended.


Additional photos of this 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 lightweight, 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. With a small, thinly padded, foam seat, high-up rear sets and low, clip-on handlebars, it was not 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 downdraft carburetors, the OW01 made 121 horsepower, 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: 3FV000201, Engine #: 3FV.

The odometer shows 35,258 kilometers (21,908 miles).

In preparation for the listing, we detailed the bike and rebuilt/sync’d the carbs. Steve did the work, he notes that the brake pads are at 70%/95% front/rear.

It was built in Japan as a tribute to the 1987 Suzuka 8 Hour Shiseido Tech 21 endurance racer.

There are multiple mentions of “Taira Racing”, a reference to Tadahiko Taira, a legendary Japanese racer who spent his entire professional career with Yamaha and competed in several endurace races, including the Suzuka 8 Hours.

Aftermarket rear seats, swingarm spools.

Custom battery tray/undertail.

Custom mirror mounts off the fairing stay.

Aftermarket bar ends.

Tank protector.

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

Inside of the tank:

It is riding on Michelin Pilot Power 2CT tires with date codes of 2017 and 3117.

The sale includes one key.

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

Private Party

Additional Charges


Total Bids Placed: 24

Auction has ended.

Auction expired without reaching reserve price.

Highest bidder was: stableman

After the auction ended, the seller accepted an offer of $31,000 including buyer fees.

Bidder Name Bidding Time Bid Auto
stableman June 18, 2022 8:30 pm $29,400 Auto
jwk851 June 18, 2022 8:30 pm $29,300
stableman June 18, 2022 8:28 pm $29,200
jwk851 June 18, 2022 5:23 pm $29,100
stableman June 18, 2022 5:23 pm $29,000 Auto
stableman June 18, 2022 11:18 am $28,100
jwk851 June 18, 2022 11:18 am $28,000 Auto
jwk851 June 18, 2022 11:11 am $27,600
stableman June 18, 2022 11:11 am $27,500 Auto
stableman June 17, 2022 10:01 pm $27,100 Auto
jwk851 June 17, 2022 10:01 pm $27,000
stableman June 17, 2022 10:00 pm $26,100 Auto
jwk851 June 17, 2022 10:00 pm $26,000
stableman June 17, 2022 9:45 pm $25,100 Auto
skydive75 June 17, 2022 9:45 pm $25,000
stableman June 17, 2022 8:23 pm $20,100
jwk851 June 17, 2022 8:23 pm $20,000 Auto
jwk851 June 17, 2022 7:47 pm $18,100 Auto
skydive75 June 17, 2022 7:47 pm $18,000
jwk851 June 17, 2022 7:45 pm $12,100 Auto
skydive75 June 17, 2022 7:45 pm $12,000
jwk851 June 17, 2022 12:55 pm $8,988
owo1owo2 June 17, 2022 12:55 pm $8,888 Auto
owo1owo2 June 17, 2022 11:56 am $1,000
Auction started June 17, 2022 10:45 am
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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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