Born in 1998, Yamaha YZF-R1 motorcycle (also known by the shorter name R1) has quite a long history behind (in bike years, 15 years mean quite a lot, especially with all the technological changes of the last years)
YZF-R1 itself suffered a lot of changes over the years, Yamaha trying to build a better bike almost every 2 years when an upgraded version was released. Over time, R1 became lighter, easier to handle thanks to changes to frame and suspension, safer to ride, with an improved compression ratio.
Yamaha YZF-R1 benefits from MotoGP technology and this is one great thing to mention since the 2013 model (available starting September 2012), with all the technologies borrowed from MotoGP is the most advanced sport motorcycle Yamaha ever made. Really the most advanced.
The motorcycle has a 998 cc, liquid-cooled 4-stroke DOHC 16 valves engine, a six speed transmission, independent damping, with the left fork handling compression damping and the right one handling the rebound damping (technology borrowed from MotoGP) and a seven-level Traction Control System.
In terms of price, you can buy a new 2013 YZF-R1 at around $14.000, which is not that much if you think about it, considering the fact that 2013 R1 is, as I already said, the most advanced sport bike Yamaha ever produced and the fact that is a 1000 cc class motorcycle.
The bike comes in 3 versions, red, blue and grey and there is a small price difference between versions. Personally, I like the blue one better.