Robb Report dishes on the iconic yacht maker.

Palmer Johnson, once the most traditional of yacht builders, bet its future on the sport yacht design in 2002. Its market moved from American owners, many of whom preferred the stacked-wedding-cake design of tri-deck motoryachts, to an international base of clients. Seven years and 17 sleek, distinctive sport yachts later, the marque has become an icon among superyacht aficionados who like the colorful superstructures and stealth hulls. The styling of the original 120 Sport Yacht migrated across the line to its flagship 150. Its most recent launch, hull number four of the 135 Sport Yacht, shares the same DNA, though it, too, has evolved from its first three sister ships (all silver, black, and red) to a more demure cream-colored hull with black mist domes and merlot accents. – From Robb Report