is ridiculous these days,it is however really nice to work with, i have made some 4 loop handrails out of IPE and also a laid cockpit
sole,the results were great and i expect them to outlast the teak,the sole will be left bare ,the handrails are varnished and are gorgeous,the wood was very difficult to work,like sanding
a piece of rock,i will probably use it again on my own projects only.IPE is a south american jungle wood that is used for outdoor project
that you want to last forever, we have a boardwalk along the lakefront that is several miles long and sees a lot of foot traffic I have seen a similar wood sold as Brasilian teak at the local Menards (like Lowes and Home Depot}as a alternative to Redwood or treated lumber
for decks and it is very reasonable.I should say i have no idea how the varnish
will hold up over time but left raw Ipe will go a nice silver grey just like teak but if you scrub it it will hold up much better than teak as it is much more dense,i doubt if it floats.