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Wolf in Wolf’s Clothing- ’86 Walter Wolf RG 500 (Japanese Spec)

Location: Oklahoma City, Oklahoma

Mileage: 4,970

Price: Auction, currently $12,892- Reserve not met

If you’re interested in Suzuki’s and the words rare, special and awesome appeal to you, then here is what you seek. Behold the Suzuki RG 500 Gamma Walter Wolf Edition. These pop up here at RSBFS from time to time, usually from the UK or Canada. While Gamma 500’s are awesome and collectible in their own right, the Walter Wolf edition takes it up a notch (or three).

This particular bike seems to be a well cared for example that has everything you’ll want. From the seller-

1986 Suzuki RG500 Model:  RG500EW-2W

Super Rare Japanese Spec. RG500 “Masaru Mizutani Replica”

7995 KM or 4970 Actual Miles

Excellent Condition 


All Original

Serial # HM1A105234

Super rare 1986 Suzuki RG500 “Masaru Mizutani Replica” one of only a limited number of 500cc Japanese Spec models. Made to commemorate the “1979 All Japan Champion, Class 750A, and all Japan 1981 Champion 500cc, Masaru Mizutani who at the time was sponsored by Walter Wolf Racing (See picture below). This bike is often referred to on this side of the pond as a Walter Wolf Special Edition, but it differs from the Canadian version graphically, it has integrated turn signals, a fuel gauge, passing lights, Walter Wolf instruments, key, and different wheel and seat color. In my opinion a superior model as a investment as well as a more complete package and attractive as a bike.  I have did considerable amount of research on this model both within the US and abroad over the last several years and have found only one other example, none in the US.  What few examples I found were the more common RG400 model , that are identical  with the exception of the “500” decal, and engine displacement do to the Japanese license restrictions at the time limited riding to just a few if displacement exceeded 400cc.

This bike is in very nice condition, all original, with 7995 Km (4970 miles) on the clock. The paint is very nice and I am not aware of any cracks in the plastics. The bike has been kept in temperature controlled conditions by former collectors including myself beginning in Japan.  The bike starts, runs, shifts, and rides like a RG500 should.  I am not aware of any mechanical problems.  Could probably use a minor tune if you decided to use purely as a street bike, but normally starts on first kick.  A toolkit, service manual, parts manual, rear seat pillion, extra dash foam, and a factory rg500 bike stand are included in the sale, along with my small collection of Walter Wolf items including a genuine helmet, racing leathers, and watch. The bike has No warranty expressed or implied.

A $500 deposit is required within 48 hours of the end of the auction. The deposit can be paid with PayPal the balance will need to be paid by cash or certified cashier check. Neither the bike nor the title will be released until funds have cleared. It is the buyer’s responsibility to arrange pickup or shipping, however I will be glad to assist where I can. At this time this auction is for US buyers only, international buyers can request to be added to bidders list, but must have paypal, ability to pay balance by bank wire transfer, arrange there own shipping and have excellent feedback

Bid with confidence, I am veri-sign approved. DON’T MISS THIS ONE. PS The fluid on the concrete you see in some of the pictures is water from A FRESH WASH, not a leak of any kind

And more pics for you-

So from what I can tell from the seller, there’s not much, if anything, that this bike needs. I also like the extras like the helmet that come with the bike. The seller also highlights the fact that this is a Japanese spec model (red wheels and seat, different graphics and other stuff highlighted above) making this version much more difficult to find than the Canadian/UK versions.

As for price, who knows where the reserve is, but these seem to command $15 to $20k in clean condition. Being a Japanese spec model may add a premium to that. And the bike also has a Texas title, if that helps at all.

So, there you have it. This would clearly be a collector bike in my mind and if you’re a Suzuki guy, this is a crown jewel. Especially if you are all about the Gamma. While these come up here from time to time, not many are the the Japanese spec and certainly this clean and original are gonna be key for any collector.

So if you’ve been searching, here’s your opportunity. To place your bid, make the jump!



  • For $12,800 the seller should be very pleased to get that. Too many RG500 owners now think their bikes are now worth a boat load of money. Maybe a freak collector wants one for his living room before the wife divorces him. But if you are going to take it for a fun filled spin on nice days there are way too many other bikes to own for a good price. Look at the BMW S1000RR- 193HP, way better frame, suspension, brakes, and much more and with a warranty to boot for $13K something….

  • Only 99 suzuki RG500 GAMMA WW were built in the world. so the asking price is correct. unlike other ww’s this looks to be a original ww rg500 even if it was a uk bike the price is correct. above “TED” is talking about a BMW new bike BUT I DONT ONLY a total of 99 bmw S1000RR BIKES WERE BUILT. as for me this is the closest to a MOTO GP 500 taking to fact the year been in the mid 80’s ..

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