No Reserve – 1998 Yamaha R1 Project

SOLD FOR: $2,700

Reserve price has been met.

This auction ended on March 21, 2024

Winner: t*******2

Winning Bid: $2,450
Buyer Fee: $250
Total: $2,700

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Please note: This R1 has a bent frame that will need to be replaced before it is safely rideable.

Additional photos are available here for your perusal.

The 1990s were defined by three sportbikes – the Honda CBR900RR, the Ducati 916, and the Yamaha R1. Honda’s CBR900RR started the revolution by being 76 pounds lighter than its lightest competition. Soon after, Ducati released the 916. It was technically competent with fuel injection and even an adjustable steering head angle, but it’s best remembered just for being one of the most beautiful motorcycles of all time. In 1998, Yamaha released the R1 and wiped the floor with everyone else – it was the lightest and most powerful literbike available and you had to work hard to find a dealer with one in stock. Over 20 years later they’re still fantastic machines, so here’s your chance to relive the glory days.

The basic specifications are 150 horsepower, 419 pound dry weight, and a 2.96 second 0-60 time, per MCN. Those are all impressive numbers, but the design of the drivetrain is what made it all possible. Yamaha was able to make the engine/transmission much smaller by vertically stacking the transmission shafts. Further space was saved by putting the water pump inside the engine cases. The packaging let Yamaha shorten the wheelbase and still lengthen the swingarm, which made the R1 feel like a 600cc bike but with 1,000cc power.

For more on the R1 and what made it special, check out this article on Sport Rider. Or for a buying guide geared towards used R1s (with notes like it’s “getting hard to find a clean one.”), check out this article on Motorcyclist magazine.

This example is VIN: JYARN01100001363. It came to Iconic as an import from the UK.

The odometer shows 28,515 miles.

In preparation for the listing, the seller had us rebuild the carbs and perform a safety inspection. Our service department notes the following in their condition report:

Fuel Tank Internal: Some Rust
Tire Years – Front/ Rear: 2621
Tire Life – Front/ Rear: 100%
Tire Pressure – Front: 29PSI; Rear: 29PSI
Brake Life – Front/ Rear: 65%
Hydraulic Fluid – Front/Rear: Fail, excess moisture
Drive Chain Condition: Dry Chain
Engine Oil – Level: Ok; Quality: Fail, Dark
Coolant – Level: Ok; Quality: Fail
Low Beam: Ok
High Beam: Ok
Passing Light: Ok
Turn Signals: Ok
Tail Light: Ok
Brake Light: Ok
Plate Light: Ok
Killswitch: Ok
Horn: Ok
Battery: 9.2 Volt, Bad

-Chinese fairings
-Rust inside fuel tank, but not too bad
-Corrosion on engine, radiator an in electronics
-Forks might be bent or bad fairing fitment: wheel rubs on belly pan
-Bad battery
-Carbon fiber frame cover falling off

-Replace Frame
-Replace Forks
-Battery replacement
-Engine oil and filter
-Hydraulic flush, front and rear brakes
-Coolant flush and fill
-Chain service

Aftermarket bodywork.

Yoshimura RS-3 Stainless Steel muffler.

Frame covers.

Aftermarket levers, grips.

Inside of the tank:

It is riding on Michelin Pilot Power 2CT tires with date codes of 2621 and 2621.

The sale includes four 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 Yamaha is offered on a clean Oregon 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 R1 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


VIN Report


Total Bids Placed: 17

Auction has ended.

Highest bidder was: t*******2

Bidder Name Bidding Time Bid Auto
t*******2 March 21, 2024 9:58 am PDT $2,450
a*******e March 21, 2024 9:58 am PDT $2,400 Auto
a*******e March 16, 2024 7:44 pm PDT $2,300
o************e March 15, 2024 2:30 pm PDT $2,200
t**************r March 15, 2024 8:24 am PDT $2,100
t******h March 15, 2024 8:24 am PDT $2,000 Auto
t******h March 14, 2024 8:09 pm PDT $1,900 Auto
t**************r March 14, 2024 8:09 pm PDT $1,800
t******h March 14, 2024 8:06 pm PDT $1,550 Auto
t**************r March 14, 2024 8:06 pm PDT $1,450
t******h March 14, 2024 8:05 pm PDT $1,100 Auto
t**************r March 14, 2024 8:05 pm PDT $1,000
t******h March 14, 2024 7:46 pm PDT $800 Auto
t*******2 March 14, 2024 7:46 pm PDT $700
t******h March 14, 2024 5:45 pm PDT $600
s******3 March 14, 2024 5:45 pm PDT $500 Auto
s******3 March 14, 2024 1:21 pm PDT $1 Reserve
Auction started March 14, 2024 9:46 am PDT
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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 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.

Sorry, VIN Report not available.

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