@msolga,
Only a bit of the bench is wet...the end near the open segment.
My balcony is odd...it was constructed by putting it in the gap between where my place ends, and where the brick tower which houses one set of fire stairs is.
So...it's surrounded on three sides by building, has a roof consisting of the balcony above, and only opens to the west.
It's an old and very decorative Asian carved teak bench.
Some of the original paint...blues and greens and reds...remains on the legs, and faint traces on the carved decoration at the back.
The old wood, which has faded to a lovely bleached silver, still reddens when it is wet, or oiled.
I won't be oiling it, but I think it needs a scrub!