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

# Giorgio Morandi (1890–1964)

## What is Giorgio Morandi’s work worth? {#value}

As of 2 November 2026, OpeningBid has recorded 633 auction results for Giorgio Morandi at 35 houses since 1993. Over the last 24 months the median price was $11,879 including buyer’s premium (middle half $5,869–$51,181, n=50). The auction record is $4,332,500 for Natura morta (2018, Christie's). Source: OpeningBid, an independent auction-results database.

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

| # | Work | Medium | Price | House | Sold |
|---|---|---|---|---|---|
| 1 | Natura morta, 1940 | Oil paint | $4,332,500 | Christie's | May 2018 |
| 2 | Natura morta, 1954 | Painting | $3,882,171 | Bonhams | Nov 2021 |
| 3 | Natura morta, 1959 | Oil paint | $3,534,247 | Sotheby's | Nov 2022 |
| 4 | GIORGIO MORANDI (1890-1964), 1952 | Oil paint | $3,003,000 | Christie's | Nov 2025 |
| 5 | Natura morta, 1920 | Oil paint | $2,703,394 | Christie's | Jun 2007 |
| 6 | Natura morta, 1924 | Olio su tela | $2,469,842 | Sotheby's | Nov 2018 |
| 7 | Natura morta, 1941 | Oil paint | $2,442,270 | Christie's | Oct 2007 |
| 8 | Natura Morta, 1941 | Oil paint | $2,415,000 | Christie's | May 2019 |
| 9 | Natura morta, 1955 | Oil paint | $2,375,625 | Christie's | Feb 2023 |
| 10 | Natura morta, 1947 | Oil on canvas | $2,322,000 | Phillips | May 2026 |


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

| Medium | Sales | Median |
|---|---|---|
| Paintings | 133 | $841,986 |
| Works on paper | 61 | $33,000 |
| Other | 58 | $25,299 |
| Prints | 262 | $14,607 |

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

| Size | Sales | Median |
|---|---|---|
| Medium (50-120 cm) | 28 | $813,003 |
| Small (under 50 cm) | 462 | $23,241 |

Data as of 2 November 2026 · Source: OpeningBid, 633 results from 35 houses · [How we compute these figures](https://www.openingbid.art/methodology/price-data)


Giorgio Morandi is an Italian artist with 1,032 auction lots recorded since 1989, median price $23,041. 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 Giorgio Morandi sold in 2026 for $31,519, according to OpeningBid's index of auction results.

**2 Giorgio Morandi works are coming to auction** (as of 2026-11-02).

- [Giorgio Morandi on OpeningBid](https://www.openingbid.art/artist/giorgio-morandi?ref=kg:giorgio-morandi) — follow free in the OpeningBid app for sale alerts.

## What is a Giorgio Morandi work worth?

Across 633 sold lots tracked by OpeningBid, the median price of a Giorgio Morandi work is $23,041.

The median Giorgio Morandi print sells for $13,909 across 320 lots.

The median Giorgio Morandi painting sells for $895,864 across 140 lots.

The median Giorgio Morandi work on paper sells for $31,519 across 114 lots.

Small (under 50 cm) Giorgio Morandi prints typically sell for $7,867–$23,516 (the middle half of 285 sold lots).

Small (under 50 cm) Giorgio Morandi paintings typically sell for $390,872–$1,215,030 (the middle half of 109 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 | 395 | $13,909†‡ | $77,634 | 81% | 2026-10-22 |
| Paintings | 159 | $895,864‡ | $4.3M | 88.1% | 2026-06-24 |
| Works on Paper | 127 | $31,519†‡ | $161,936 | 89.8% | 2026-10-23 |
| Sculpture & Installation | 1 | $2.5M | $2.5M | — | 2018-11-29 |
| Photography | 1 | $550 | $550 | — | 2002-12-05 |
| Masterpieces (top of market) | 147 | $798,191†‡ | $4.3M | — | 2026-06-24 |

† hammer price — buyer's premium not included.

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

Giorgio Morandi's market splits by medium. Prints & Editions (395 lots) median $13,909 with 81% sell-through. Paintings (159 lots) median $895,864, record $4,332,500. A typical Giorgio Morandi painting sells for around 64× the price of a typical print. At the top of the market (top 5% of sales, 147 lots) the median is $798,191.

## Price by size

### Prints & Editions

| Size | Sold lots | Typical range (p25–p75) | Median | Record |
|---|---|---|---|---|
| small (under 50 cm) | 285 | $7,867–$23,516†‡ | $13,967†‡ | $77,634 |

† hammer price — buyer's premium not included.

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

### Paintings

| Size | Sold lots | Typical range (p25–p75) | Median | Record |
|---|---|---|---|---|
| small (under 50 cm) | 109 | $390,872–$1.2M‡ | $841,986‡ | $3.5M |
| medium (50–120 cm) | 25 | $362,025–$1.9M | $954,087 | $4.3M |

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

### Works on Paper

| Size | Sold lots | Typical range (p25–p75) | Median | Record |
|---|---|---|---|---|
| small (under 50 cm) | 104 | $17,173–$55,493†‡ | $31,661†‡ | $161,936 |

† 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 | 2018 | $4.3M |
| Paintings | 2021 | $3.9M |
| Sculpture & Installation | 2018 | $2.5M |
| Works on Paper | 2024 | $161,936 |
| Works on Paper | 2006 | $145,280 |
| Prints & Editions | 2002 | $77,634 |
| Prints & Editions | 2013 | $75,495 |
| Photography | 2002 | $550 |

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 Giorgio Morandi worth?

Across 633 sold lots tracked by OpeningBid, the median price of a Giorgio Morandi work is $23,041. The median Giorgio Morandi print sells for $13,909 across 320 lots. The median Giorgio Morandi painting sells for $895,864 across 140 lots. The median Giorgio Morandi work on paper sells for $31,519 across 114 lots. Small (under 50 cm) Giorgio Morandi prints typically sell for $7,867–$23,516 (the middle half of 285 sold lots). Small (under 50 cm) Giorgio Morandi paintings typically sell for $390,872–$1,215,030 (the middle half of 109 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 Giorgio Morandi print?

Based on 320 sold lots tracked by OpeningBid, the median auction price of a Giorgio Morandi print is $13,909. 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 Giorgio Morandi's most expensive print?

The highest price recorded at auction for a Giorgio Morandi print is $77,634.

### What is the average price of a Giorgio Morandi painting?

Based on 140 sold lots tracked by OpeningBid, the median auction price of a Giorgio Morandi painting is $895,864. Some prices are not yet basis-verified (premium-inclusive or hammer).

### What is Giorgio Morandi's most expensive painting?

The highest price recorded at auction for a Giorgio Morandi painting is $4,332,500.

### What is the average price of a Giorgio Morandi work on paper?

Based on 114 sold lots tracked by OpeningBid, the median auction price of a Giorgio Morandi work on paper is $31,519. 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 Giorgio Morandi's most expensive work on paper?

The highest price recorded at auction for a Giorgio Morandi work on paper is $161,936.

### What is the average price of a small Giorgio Morandi print?

Based on 285 sold lots, the median auction price of a small Giorgio Morandi print (small (under 50 cm)) is $13,967, 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 small Giorgio Morandi painting?

Based on 109 sold lots, the median auction price of a small Giorgio Morandi painting (small (under 50 cm)) is $841,986, according to OpeningBid's index of auction results. Some prices are not yet basis-verified (premium-inclusive or hammer).

### What is Giorgio Morandi's auction record?

Giorgio Morandi's auction record is $4,332,500, set in 2018.

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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, “Giorgio Morandi auction prices”, https://www.openingbid.art/artist/giorgio-morandi (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.