The Yamaha FZR line up - referred to as "Fizzers" by many - includes US-imported 1000, 600 and 400 models. The 400 was not a big seller at the time and was quickly discontinued. That is a shame because for many riders the 400cc model is the very best of the bunch; great handling and decent power wrapped up in a lightweight, easily managed package. The FZR400 was trying to be what the ubiquitous Ninja 250R/300R (and the follow on Honda CBR250/300) are today: bikes that are approachable from an entry-level perspective yet can offer a lot more to the experienced rider. Yamaha was ahead of the curve on this one as the idea appears to have been ahead of its time. As a result, there are not nearly as many FZR400s available on the market - liter bikes and 600s are everywhere, but a good, clean 400 is a rare find.
From the seller:
Up for auction is a pristine 1988 Yamaha FZR400. I purchased this bike about two years ago and have ridden it three times. Otherwise it has been stored in my heated basement. As is clear from the photos this bike is in pristine condition and ready to either ride or show. The engine/transmission is clean with no leaks and runs perfectly. The bike is completely stock except for stainless brake lines front and rear. There are a few minor blemishes on the fairings but they are difficult to find. Since purchasing this bike I have not seen a nicer example. I purchased it as an investment recognizing it will continue to appreciate in value but we will be moving in the spring to smaller space so I must sell some of my bikes.
It will be much more expensive to find a basket 400 and restore it versus simply buying a good one. These bikes are not very expensive (yet), hold value well, and will likely appreciate in time. Meanwhile, ride the heck out of it and save some of your pennies to buy cosmetic surgery that will be needed to wipe that non-stop grin off of your face! Check out all of the details here. Good Luck!