2002 Yamaha R1 Formula Xtreme Race Bike

SOLD FOR: $9,630

Reserve price has been met.

This auction ended on March 8, 2022

Winner: Benpi

Winning Bid: $9,000
Buyer Fee: $630
Total: $9,630

Description

Additional photos of this Formula Xtreme race bike are available here for your perusal.

Built by Graves for No Limits Motorsports, this Yamaha R1 competed in the 2002 season of AMA Formula Xtreme.

It was piloted by South African Lance Isaacs, a former WSBK rider. It was No Limit’s rookie season in AMA, and even though Lance was new to all of the tracks he competed on, he placed 5th overall.

Lance aboard this very machine back in 2002.

No Limit was owned by the family of rider Jason Curtis, who was Lance’s teammate at the time. After the season ended, the bike was stored with No Limit in Santa Clarita, California until the seller purchased it in February 2021, dusted it off, and brought it back to life.

The seller flushed all fluids (oil, fuel, coolant, brakes), replaced the injectors, spark plugs, and battery, and “the bike was partly stripped down cleaned checked and rebuilt (rolling chassis + engine). No surprise it started first crank and the engine is extremely healthy. I also replaced the grips with the same grips that were on it as they’d gone tacky over the years in storage.

The seller sourced Pirelli slicks from Iconic and “hit 1/2 a track day at Buttonwillow, the bike is everything it cracked up to be with a beautifully set up chassis and strong engine. The chassis setup on the bike makes it feel smaller than a 1,000cc and allowed for changes of direction and line adjustments on a dime.

The seller at Buttonwillow.

Modifications:
WSBK Ohlins FG8700 front end, WSBK 1pc billet Brembo brakes, WSBK Brembo floating discs.

WSBK Ohlins rear shock.

Marchesini mag wheels (16.5″)

Graves Factory radiator.

Graves triple clamp.

Graves titanium exhaust.


Graves rearsets.

Zero Gravity windshield.

Not pictured are a YEC Harness/ECU, Power Commander, and a custom ram air intake.

According to the seller, the engine is rated at 197 hp and it was “freshened before the last round.” It’s paired with an undercut gearbox and a slipper clutch.

The engine can be identified with NL markings on the crankcases and cylinder head. There are No Limits motorsports stickers on the wheels, and markings on the discs and rear shock to identify it’s the complete package.”

“I have the original numbers from the bike to match the pictures attached, they had gone a little bad over the 19 years in storage so I chose to pull them off. I can supply them with the bike if anyone needs. I also have the bill of sale from Jason.”

Lance leading Ben Spies back in 2002.

The seller adds, “Graves developed this bike alongside the R7/1 factory bike (Iconic sold Damon Buckmaster’s R7/1) to gather data for the next year when the R7 was ineligible.” This example is VIN: JYARN10Y92A000849, Engine #: N508E-002341.

True mileage is unknown.

Cosmetic Blemishes:
The sticker notes that there are “light scratches as expected with race use.”




The tire date codes are both 0120.

Currently located at our facility in Santa Monica, California (please make an appointment for an inspection), this Yamaha is offered on a Bill of Sale only. Have any Formula Xtreme stories or questions about this listing? Let us know in the comments!

Additional Information

Location

Santa Monica, California

Year

2002

Make

Yamaha

Model

R1

Mileage

True Mileage Unknown

VIN

JYARN10Y92A000849

Title

Bill of Sale Only

Title State/Country

N/A

Private Party/Dealership

Private Party

Additional Charges

No

Total Bids Placed: 31

Auction has ended.

Highest bidder was: Benpi

Bidder Name Bidding Time Bid Auto
Benpi March 8, 2022 10:58 am $9,000 Reserve
Run78613 March 8, 2022 10:58 am $6,901 Auto
Run78613 March 8, 2022 10:51 am $6,277 Auto
yamatr3 March 8, 2022 10:51 am $6,177
Run78613 March 8, 2022 10:50 am $5,600
yamatr3 March 8, 2022 10:50 am $5,500 Auto
yamatr3 March 8, 2022 8:03 am $5,000
gorr March 8, 2022 8:03 am $4,900 Auto
gorr March 7, 2022 4:00 am $3,600 Auto
dams6877 March 7, 2022 4:00 am $3,500
gorr March 7, 2022 4:00 am $3,300 Auto
dams6877 March 7, 2022 4:00 am $3,200
gorr March 5, 2022 4:31 pm $3,100
dams6877 March 5, 2022 4:31 pm $3,000 Auto
dams6877 March 4, 2022 6:47 am $2,850
Andyswine March 4, 2022 6:47 am $2,750 Auto
Andyswine March 3, 2022 8:48 am $2,716
Carbide March 2, 2022 11:55 pm $2,616
Ehicksdc March 2, 2022 11:55 pm $2,599 Auto
Ehicksdc March 2, 2022 11:54 pm $2,506 Auto
Carbide March 2, 2022 11:54 pm $2,406
Ehicksdc March 2, 2022 9:22 am $2,303
Carbide March 2, 2022 9:22 am $2,203 Auto
Carbide March 1, 2022 7:09 pm $2,100 Auto
charleyrodger March 1, 2022 7:09 pm $2,000
Carbide March 1, 2022 4:24 pm $1,700
Benpi March 1, 2022 4:22 pm $1,600
Carbide March 1, 2022 4:22 pm $1,509 Auto
Carbide March 1, 2022 4:22 pm $1,300 Auto
Benpi March 1, 2022 4:22 pm $1,200
Carbide March 1, 2022 3:59 pm $1,000
Auction started March 1, 2022 8:01 am
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Shipping Information

Continental US:
Haul Bikes will ship anything sold through Iconic for $750 (this went up on 5/12 due to increases in gas costs) in the Continental US, 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

Alaska/Hawaii:
Please contact concierge@iconicmotorbikes.com for a quote.

Canada:
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

$1,500 for US to Europe/Asia is a VERY ROUGH ballpark, please contact Shippio for an exact quote including shipping and customs.

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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