I started collecting Miles & More in November 2014. My current account balance is around 94k Miles and I didn’t fly Lufthansa Group once this year. I paid 513.09 € for these miles, resulting in a price of 0.55 c/Mile. A Milage Bargain Business Class Flight to the US would cost me ~850€.
When redeeming Miles on the Lufthansa Miles & More program, you have different options, which all imply different values/mile. I show you the best option to redeem you miles.