> Source: https://www.openingbid.art/artist/armando-morales · updated 2026-11-02

# Armando Morales (1927–2011)

## What is Armando Morales’s work worth? {#value}

As of 2 November 2026, OpeningBid has recorded 105 auction results for Armando Morales at 19 houses since 1998. Over the last 24 months the median price was $38,100 including buyer’s premium (middle half $7,040–$57,150, n=9). The auction record is $581,000 for Platanal (2015, Christie's). Source: OpeningBid, an independent auction-results database.

**Top auction records: paintings, drawings & sculpture**

| # | Work | Medium | Price | House | Sold |
|---|---|---|---|---|---|
| 1 | Platanal, 1994 | Oil paint | $581,000 | Christie's | Nov 2015 |
| 2 | Forêt tropicale dans un orage (No. 2), 1991 | Oil and beeswax on canvas | $277,200 | Sotheby's | May 2022 |
| 3 | Selva tropical I, 1987 | Oil and beeswax on canvas | $277,200 | Sotheby's | Nov 2022 |
| 4 | Four Bathers and a Dog, 1987 | Oil on canvas | $275,000 | Phillips | Nov 2017 |
| 5 | Forêt tropicale, 1992 | Oil and beeswax on canvas | $252,000 | Sotheby's | Nov 2021 |
| 6 | Desnudo contra un zócalo azul | Oil on canvas | $242,500 | Sotheby's | Nov 2010 |
| 7 | Forêt Tropicale | Oil and wax on canvas | $194,500 | Sotheby's | May 2009 |
| 8 | Adios a Sandino, I, 1985 | Oil paint | $187,500 | Christie's | Jul 2020 |
| 9 | Deux Baigneuses, Bateaux au Fond, 1996 | Oil paint | $178,500 | Christie's | May 1998 |
| 10 | Despedida VI, 1977 | Oil and beeswax on canvas | $163,800 | Sotheby's | May 2021 |


**Median price by medium (last 24 months, n ≥ 5)**

| Medium | Sales | Median |
|---|---|---|
| Paintings | 76 | $55,000 |
| Other | 6 | $16,250 |

**Median price by size (last 24 months, n ≥ 5)**

| Size | Sales | Median |
|---|---|---|
| Large (over 120 cm) | 27 | $80,500 |
| Medium (50-120 cm) | 37 | $50,000 |
| Small (under 50 cm) | 15 | $9,375 |

Data as of 2 November 2026 · Source: OpeningBid, 105 results from 19 houses · [How we compute these figures](https://www.openingbid.art/methodology/price-data)


Armando Morales is a Nicaraguan artist with 132 auction lots recorded since 1998, median price $37,800. Some sold prices are hammer-only and exclude the buyer's premium; they are marked on this page. Some sold prices are not yet verified as premium-inclusive or hammer, and are marked on this page.

A work by Armando Morales sold in 2025 for $40,640, according to OpeningBid's index of auction results.

## What is a Armando Morales work worth?

Across 103 sold lots tracked by OpeningBid, the median price of a Armando Morales work is $37,800.

The median Armando Morales painting sells for $51,275 across 77 lots.

The median Armando Morales work on paper sells for $22,085 across 5 lots.

The median Armando Morales print sells for $668 across 6 lots.

Medium (50–120 cm) Armando Morales paintings typically sell for $26,138–$85,638 (the middle half of 36 sold lots).

Large (over 120 cm) Armando Morales paintings typically sell for $62,500–$162,500 (the middle half of 25 sold lots).

Prices are premium-inclusive where the house records them; hammer-only prices exclude the buyer's premium, and some prices are not yet basis-verified.

## Price breakdown by category

| Category | Lots tracked | Median price | Record price | Sell-through | Last sale |
|---|---|---|---|---|---|
| Prints & Editions | 6 | $668† | $1,531† | — | 2025-11-19 |
| Paintings | 87 | $51,275†‡ | $581,000 | 88.5% | 2026-05-29 |
| Works on Paper | 8 | $22,085† | $45,342 | 62.5% | 2025-10-28 |
| Masterpieces (top of market) | 21 | $162,500 | $581,000 | — | 2025-02-28 |

† hammer price — buyer's premium not included.

‡ reported price — whether it includes the buyer's premium is not yet verified.

Armando Morales's market splits by medium. Prints & Editions (6 lots) median $668. Paintings (87 lots) median $51,275, record $581,000. A typical Armando Morales painting sells for around 77× the price of a typical print. At the top of the market (top 5% of sales, 21 lots) the median is $162,500.

## Price by size

### Prints & Editions

| Size | Sold lots | Typical range (p25–p75) | Median | Record |
|---|---|---|---|---|
| medium (50–120 cm) | 6 | $575–$766† | $668† | $1,531† |

† hammer price — buyer's premium not included.

### Paintings

| Size | Sold lots | Typical range (p25–p75) | Median | Record |
|---|---|---|---|---|
| small (under 50 cm) | 15 | $5,656–$14,375†‡ | $9,375†‡ | $55,000 |
| medium (50–120 cm) | 36 | $26,138–$85,638†‡ | $50,400†‡ | $178,500 |
| large (over 120 cm) | 25 | $62,500–$162,500 | $100,000 | $581,000 |

† hammer price — buyer's premium not included.

‡ reported price — whether it includes the buyer's premium is not yet verified.

Size is the work's longest edge. Cells appear only with at least 5 sold lots.

## Notable results

| Medium | Year | Price |
|---|---|---|
| Paintings | 2015 | $581,000 |
| Paintings | 2022 | $277,200 |
| Works on Paper | 2013 | $45,342 |
| Works on Paper | 2001 | $41,125 |
| Prints & Editions | 2022 | $1,531† |
| Prints & Editions | 2023 | $792 |

† hammer price — buyer's premium not included.

The highest recorded result in each medium. The full sale history is in the OpeningBid app (free sign-up).

## Frequently asked questions

### What is a Armando Morales worth?

Across 103 sold lots tracked by OpeningBid, the median price of a Armando Morales work is $37,800. The median Armando Morales painting sells for $51,275 across 77 lots. The median Armando Morales work on paper sells for $22,085 across 5 lots. The median Armando Morales print sells for $668 across 6 lots. Medium (50–120 cm) Armando Morales paintings typically sell for $26,138–$85,638 (the middle half of 36 sold lots). Large (over 120 cm) Armando Morales paintings typically sell for $62,500–$162,500 (the middle half of 25 sold lots). Prices are premium-inclusive where the house records them; hammer-only prices exclude the buyer's premium, and some prices are not yet basis-verified.

### What is the average price of a Armando Morales painting?

Based on 77 sold lots tracked by OpeningBid, the median auction price of a Armando Morales painting is $51,275. Prices are premium-inclusive where the house records them; hammer-only prices exclude the buyer's premium, and some prices are not yet basis-verified.

### What is Armando Morales's most expensive painting?

The highest price recorded at auction for a Armando Morales painting is $581,000.

### What is the average price of a medium Armando Morales painting?

Based on 36 sold lots, the median auction price of a medium Armando Morales painting (medium (50–120 cm)) is $50,400, according to OpeningBid's index of auction results. Prices are premium-inclusive where the house records them; hammer-only prices exclude the buyer's premium, and some prices are not yet basis-verified.

### What is the average price of a large Armando Morales painting?

Based on 25 sold lots, the median auction price of a large Armando Morales painting (large (over 120 cm)) is $100,000, according to OpeningBid's index of auction results.

### What is Armando Morales's auction record?

Armando Morales's auction record is $581,000, set in 2015.

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Data last updated 2026-11-02. OpeningBid tracks 15,390,829 auction lots from 577 auction houses, refreshed nightly.

Cite this page as: OpeningBid, “Armando Morales auction prices”, https://www.openingbid.art/artist/armando-morales (updated 2026-11-02).

Historical auction data, not investment advice. Prices are premium-inclusive USD where the buyer's premium is recorded. Figures marked † are hammer prices (buyer's premium not included); ‡ marks a price whose basis is not yet verified. Non-USD results are converted at the sale month's rate.