Highly Sought-after Oak - Higher Yield at Timber Auction - German oak auction shatters records with €2,089 per cubic meter sale

A state-run timber auction in Saxony-Anhalt has broken records for oak prices. One exceptional trunk sold for €2,089 per cubic meter—the first time the region has seen a price exceed €2,000. Buyers from across Europe and Asia took part in the competitive bidding.

The auction took place on March 10, 2026, offering 966 cubic meters of premium hardwood. Of this, 847 cubic meters were oak, which saw the highest demand. The average price for oak climbed by 9.4%, reaching €602.44 per cubic meter.

International interest was strong, with 12 Chinese buyers securing 45,000 cubic meters of wood for export. The record-breaking oak trunk stood out as the most valuable lot, drawing fierce competition. Buyers from neighbouring European countries also placed bids, reflecting the high quality of the timber on offer.

The auction results highlight the growing global demand for high-grade oak. Prices have now set a new benchmark in Saxony-Anhalt, with the top lot surpassing €2,000 per cubic meter. Chinese buyers played a significant role, purchasing large volumes for overseas markets.