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Also if you’re first to market in a period of high demand, you can sell at higher prices than those that come later. See https://www.smithsonianmag.com/history
by matthewmcg 4y ago
Also if you’re first to market in a period of high demand, you can sell at higher prices than those that come later. See https://www.smithsonianmag.com/history/the-great-tea-race-of-1866-8209465/ https://www.smithsonianmag.com/history/the-great-tea-race-of...
“But in the middle of the 19th century, demand for fresh tea was such that the first vessel home from Fuzhou or Shanghai could command a premium of at least 10 percent for her wares, and a clipper ship that cost perhaps £12,000 or £15,000 to build might bring home a cargo worth almost £3,000 on her first voyage.“
- rdl 4y agoYeah, it's like the Beaujolais Nouveau Day rush every year, shipping 8lb/gallon wine by air to get it faster :)