Lemon Tree asks EUR 62m, and two 62Steel hulls are for sale
The first 62Steel comes to market at EUR 62m
Burgess is offering the 61.5 metre Sanlorenzo Lemon Tree for sale at EUR 62m, with Matt Emerson and Kevin Kramer holding the central agency. She was delivered in 2021 as the first hull of the 62Steel line, the steel and aluminium displacement series that carried Sanlorenzo past 60 metres. Her exterior is by Officina Italiana Design and her interior is by Francesco Paszkowski Design working with Margherita Casprini. At 1,280 GT she is a full displacement yacht rather than a stretched planing hull.
A first-of-series hull normally carries a discount, because the yard learns on it and the brokerage market prices that in. That is not what is being asked here. EUR 62m puts Lemon Tree within two million euro of the newest comparable boat in her own series, which values five years of private use at close to nothing. The market will settle that argument over the next few months, and the number it settles on becomes the reference every other 62Steel owner is measured against.
Two of the earliest hulls are competing for one buyer
Alchemist, the second 62Steel and a 2022 delivery, has been on the market since January asking EUR 64m through Camper and Nicholsons, and she has been privately used since she left the yard. That leaves the first and second boats of the same series available at the same time, one year and two million euro apart. Buyers in the 60 metre band rarely get that kind of side by side comparison within a single line. When they do, the weaker presentation tends to set the clearing price for both.
For an owner holding a 62Steel and not selling, this is still the most useful week the series has had. A line with two live asking prices is far easier to value, finance and insure than one with none. The risk runs the other way too. If either boat trades well below its asking number, that discount attaches to the whole series rather than to one hull.
What the volume actually buys
The listing gives Lemon Tree an owner's deck of about 210 square metres, with a study, a private pool and a skylounge that converts into a cinema. There is a second pool with a glass bottom, a hammam, a beach club that opens on three sides, a guest lift and seven suites, with quarters for sixteen crew. None of this is unusual in a new 62 metre. It is unusual in a boat delivered in 2021 that can be viewed and taken this season.
Volume of that kind is what holds a resale price when the length stays fixed. An owner who wants a private deck, a beach club and a full crew complement at 61.5 metres is otherwise looking at a new build slot, and the yards that could take that order are largely selling 2029 and beyond. That delivery gap is the single strongest argument in favour of both asking prices.
She earns while she waits
Lemon Tree remains on the charter market alongside the sale, at EUR 485,000 to EUR 560,000 a week plus expenses in the Mediterranean. A dual listing is the standard answer to a slow brokerage market, and at these rates a handful of booked weeks covers a meaningful share of what she costs to keep in commission while a buyer is found. It also keeps the crew intact and the systems exercised, which is what a surveyor ends up reporting on.
The cost is control. A boat that charters through the summer is harder to show, and a serious buyer usually wants a viewing and a sea trial on their own schedule rather than in the gaps between guests. Owners running both books at once have to decide which one they are actually serving. Sellers who keep taking bookings into the autumn are, in practice, telling the market they are not in a hurry.
The read for the 60 metre band
Under the deck she runs twin MTU 12V 4000 M64 diesels for a top speed of 16.5 knots, with 130,000 litres of fuel and a stated range of 5,000 nautical miles at 11 knots. That is enough for an Atlantic crossing with margin. It is also the specification that separates a steel displacement boat in this band from the faster aluminium hulls that have to plan a season around their tanks.
The wider picture is a market where sales volume has softened while average transaction values have risen, and where public markers in the 60 metre class can be counted on one hand. Calypso, a 62 metre Amels, has just cut to EUR 29.5m from an EUR 40m debut in 2023, which is what two decades does to a Dutch hull. Lemon Tree and Alchemist will show what five years does to an Italian one. Anyone holding a boat in this band should watch what these two trade at, not what they are listed at.