Just how much is teak worth?

We are often asked how much teak is worth in comparison to other more common timbers and below is a price list from a US timber mill.

As you can see, teak is priced at US$28.75 per board foot and this is 6 times the price of pine wood (US$4.75), over 4 times the price of cherry wood (US$6.85) and more than twice the price of mahogany (US$12.30).

Why is teak valued so highly, quite simply it is a very beautiful, high demand timber which is in short supply.