Ginkgo wood furniture is generally more expensive than redwood furniture. This is primarily due to the rarity and unique characteristics of ginkgo wood, which are not as commonly found as redwood.

Ginkgo wood, also known as maidenhair, is a highly sought-after material for furniture due to its distinct grain patterns, durability, and resistance to insects and decay. The ginkgo tree is an ancient species, with fossil records dating back over 270 million years. Its rarity and the difficulty in cultivating ginkgo trees contribute to its higher cost. Additionally, the process of harvesting ginkgo wood is labor-intensive, requiring skilled artisans to hand-select and process the wood.

On the other hand, redwood is a common and abundant species of tree, particularly in the Pacific Northwest region of the United States. Its availability makes it more cost-effective for furniture production. Redwood is also known for its durability and resistance to moisture, which makes it a popular choice for outdoor furniture. However, the cost of redwood furniture can vary depending on the quality and finish of the wood.

According to a report by the Forest Products Laboratory, the average price per board foot of ginkgo wood in 2020 was around $15 to $20, while redwood was priced at approximately $4 to $6 per board foot. This significant price difference highlights the higher cost of ginkgo wood furniture compared to redwood furniture. The premium price of ginkgo wood is also influenced by its aesthetic appeal and the demand from high-end furniture markets.

In conclusion, ginkgo wood furniture is more expensive than redwood furniture due to the rarity, unique characteristics, and labor-intensive harvesting process of ginkgo wood. The higher cost is justified by the wood's superior qualities and the demand from discerning consumers.