A tephra-rich cherty-clayey Famennian succession within the major Brzeźnica olistostrome in the Bardo Mountains, Central Sudetes, SW Poland, preserves a record of the lost ocean later incorporated into the Variscan orogenic belt. Fluctuating but mostly oligotrophic regimes and low primary production levels were influenced by weak upwelling below the perennial oxygen minimum zone, which controlled the interplay between biosiliceous and siliciclastic deposition in the oceanic basin, with episodic oxygen deficiency. The Hangenberg Black Shale has been identified in this oceanic setting based on its characteristics described worldwide (including mercury enrichments). A tectonic uplift of the sediment source area near the Devonian-Carboniferous boundary, recorded in the distinguishing provenance signal of old continental crust, was paired with a global transgression, anoxia, and volcanic episode in an interglacial interval. Assuming paleogeographic affinity with the Bavarian facies of the Saxothuringian terrane, we interpret the allochthonous sediments as part of an accretionary prism that was gravitationally redeposited into the late orogenic basin in front of advancing Variscan nappes. The oceanic basin parental to the Bardo pelagic succession is therefore thought to represent a tract of the waning Saxothuringian Ocean in the Peri-Gondwanan paleogeographic domain that was eventually subducted beneath the Brunovistulian margin of Laurussia. The sediments of the Bardo Ocean basin also include a distal record of Famennian explosive volcanic activity that was likely related to a continental magmatic arc whose remnants are preserved as the Vrbno Group of the East Sudetes.