Carl Ray Works on Paper: Value & Auction Prices

1943–1978

See what a Carl Ray work on paper is worth →

Carl Ray works on paper have appeared at auction 32 times in ArtSell’s records between 2014 and 2026; 32 sold, a sell-through rate of 100%. Across 32 sales with a published price, the typical result was $1.2kSign up free to see to $2.3kSign up free to see (median $1.7kSign up free to see). The highest recorded price is $4.8kSign up free to see for Untitled - Spirit in the Sky Boy in the Moon at Levis Fine Art Auctions in September 2025. Most results come from Heffel Fine Art Auction House (31) and Levis Fine Art Auctions (1).

CA$6,600≈ $4,777≈ £3,545≈ €4,071Sign uprecord price · incl. premiumUntitled - Spirit in the Sky Boy in the MoonLevis Fine Art Auctions32auction results2014–2026years recorded100%sold$1.7kSign up free to seemedian price

Carl Ray works on paper prices at a glance

Auction results
32 2014–2026
Price range
$348–$4.8kSign up free to see
Median price
$1.7kSign up free to see 32 sold
Most recent sale
$1.8kSign up free to see Mar 2026, Heffel Fine Art Auction House
Record sale
$4.8kSign up free to see 2025, Levis Fine Art Auctions

Recent sales: Rising Spirit · Untitled · Untitled - Spirit in the Sky Boy in the Moon

Explore: All Carl Ray results · What is Carl Ray worth? · Heffel Fine Art Auction House · Levis Fine Art Auctions

Carl Ray works on paper: key figures

Auction results
32
Sold rate
100%
Active at auction
2014–2026
Median price
$1.7kSign up free to see
Record price
$4.8kSign up free to see Untitled - Spirit in the Sky Boy in the Moon, Levis Fine Art Auctions, Sep 2025

Top auction houses: Heffel Fine Art Auction House (31), Levis Fine Art Auctions (1)

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Typical range is the middle half of priced sales (USD at the sale-date rate). Past auction results, not a valuation.

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All works on paper results

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  1. Untitled by Carl Ray, 1975, acrylic on paper, sold Mar 2026
    Untitled, 1975
    Acrylic · Paper
    22 x 29 in
    Heffel Fine Art Auction House · · Lot 130
    CA$4,063≈ $2,937≈ £2,202≈ €2,545Price realizedSign up free to seeEst. CA$2,000–3,000View at Heffel Fine Art Auction House ↗
  2. Rising Spirit by Carl Ray, 1973, acrylic on paper, sold Mar 2026
    Rising Spirit, 1973
    Acrylic · Paper
    17 x 22 in
    Heffel Fine Art Auction House · · Lot 129
    CA$2,500≈ $1,807≈ £1,355≈ €1,566Price realizedSign up free to seeEst. CA$1,500–2,500View at Heffel Fine Art Auction House ↗
  3. Untitled - Spirit in the Sky Boy in the Moon by Carl Ray, 1973, gouache on paper, sold Sep 2025
    Untitled - Spirit in the Sky Boy in the Moon, 1973
    Gouache · Paper
    58.4 x 43.8 cm
    Levis Fine Art Auctions · · Lot 1380
    CA$6,600≈ $4,777≈ £3,545≈ €4,071Price realizedSign up free to seeEst. CA$2,000–3,000View at Levis Fine Art Auctions ↗
  4. Owl Atop the Shaking Tent by Carl Ray, 1974, acrylic on paper, sold Mar 2025
    Owl Atop the Shaking Tent, 1974
    Acrylic · Paper
    23 x 29 in
    Heffel Fine Art Auction House · · Lot 131
    CA$3,750≈ $2,622≈ £2,026≈ €2,431Price realizedSign up free to seeEst. CA$2,000–3,000View at Heffel Fine Art Auction House ↗
  5. Bobcat in the Womb by Carl Ray, 1972, ink and acrylic on paper, sold Feb 2025
    Bobcat in the Womb, 1972
    Acrylic · Paper
    26 x 17 in
    Heffel Fine Art Auction House · · Lot 029
    CA$1,250≈ $871≈ £687≈ €831Price realizedSign up free to seeEst. CA$2,000–3,000View at Heffel Fine Art Auction House ↗
  6. Loon by Carl Ray, 1978, acrylic on paper, sold Feb 2025
    Loon, 1978
    Acrylic · Paper
    9 1/8 x 12 in
    Heffel Fine Art Auction House · · Lot 028
    CA$1,000≈ $697≈ £550≈ €665Price realizedSign up free to seeEst. CA$800–1,200View at Heffel Fine Art Auction House ↗
  7. Owl by Carl Ray, 1978, acrylic on paper, sold Feb 2025
    Owl, 1978
    Acrylic · Paper
    9 x 12 in
    Heffel Fine Art Auction House · · Lot 027
    CA$500≈ $348≈ £275≈ €332Price realizedSign up free to seeEst. CA$800–1,200View at Heffel Fine Art Auction House ↗
  8. Wolverine by Carl Ray, 1978, acrylic and ink on paper, sold Jan 2025
    Wolverine, 1978
    Acrylic · Paper
    22 1/8 x 30 in
    Heffel Fine Art Auction House · · Lot 533
    CA$1,875≈ $1,301≈ £1,046≈ €1,250Price realizedSign up free to seeEst. CA$1,500–2,000View at Heffel Fine Art Auction House ↗
  9. Untitled by Carl Ray, 1973, acrylic and ink on paper, sold Aug 2024
    Untitled, 1973
    Acrylic · Paper
    17 1/2 x 23 1/4 in
    Heffel Fine Art Auction House · · Lot 024
    CA$1,500≈ $1,114≈ £846≈ €1,005Price realizedSign up free to seeEst. CA$2,000–3,000View at Heffel Fine Art Auction House ↗
  10. Untitled by Carl Ray, 1977, acrylic and ink on paper, sold Aug 2024
    Untitled, 1977
    Acrylic · Paper
    22 1/2 x 30 in
    Heffel Fine Art Auction House · · Lot 023
    CA$1,875≈ $1,393≈ £1,057≈ €1,256Price realizedSign up free to seeEst. CA$2,500–3,500View at Heffel Fine Art Auction House ↗
  11. Untitled by Carl Ray, 1976, acrylic and ink on paper, sold Feb 2023
    Untitled, 1976
    Acrylic · Paper
    22 1/2 x 31 in
    Heffel Fine Art Auction House · · Lot 027
    CA$4,063≈ $3,002≈ £2,493≈ €2,828Price realizedSign up free to seeEst. CA$2,000–3,000View at Heffel Fine Art Auction House ↗
  12. Otter by Carl Ray, 1972, watercolour and ink, sold Aug 2022
    Otter, 1972
    Watercolor
    14 1/2 x 21 in
    Heffel Fine Art Auction House · · Lot 025
    CA$2,813≈ $2,177≈ £1,841≈ €2,184Price realizedSign up free to seeEst. CA$1,500–2,000View at Heffel Fine Art Auction House ↗
  13. Serpent and Bird by Carl Ray, 1973, ink on paper, sold Feb 2020
    Serpent and Bird, 1973
    Drawing · Paper
    17 x 22 3/4 in
    Heffel Fine Art Auction House · · Lot 029
    CA$1,625≈ $1,217≈ £944≈ €1,110Price realizedSign up free to seeEst. CA$2,000–3,000View at Heffel Fine Art Auction House ↗
  14. Beaver by Carl Ray, acrylic and ink on paper, sold Aug 2019
    Beaver
    Acrylic · Paper
    23 1/2 x 17 in
    Heffel Fine Art Auction House · · Lot 021
    CA$1,875≈ $1,412≈ £1,155≈ €1,276Price realizedSign up free to seeEst. CA$1,000–1,500View at Heffel Fine Art Auction House ↗
  15. Untitled by Carl Ray, 1973, mixed media on paper, sold Jun 2019
    Untitled, 1973
    Mixed media · Paper
    24 x 18 1/2 in
    Heffel Fine Art Auction House · · Lot 531
    CA$2,500≈ $1,904≈ £1,498≈ €1,675Price realizedSign up free to seeEst. CA$1,000–2,000View at Heffel Fine Art Auction House ↗
  16. Origin of Wunnumin by Carl Ray, 1973, watercolour and ink on paper, sold Aug 2018
    Origin of Wunnumin, 1973
    Watercolor · Paper
    18 x 22 1/2 in
    Heffel Fine Art Auction House · · Lot 016
    CA$2,813≈ $2,176≈ £1,670≈ €1,861Price realizedSign up free to seeEst. CA$2,000–3,000View at Heffel Fine Art Auction House ↗
  17. Nanabush and the Bears by Carl Ray, 1972, ink and acrylic on paper, sold Sep 2017
    Nanabush and the Bears, 1972
    Acrylic · Paper
    17 x 21 1/4 in
    Heffel Fine Art Auction House · · Lot 509
    CA$2,500≈ $2,005≈ £1,492≈ €1,703Price realizedSign up free to seeEst. CA$2,500–3,500View at Heffel Fine Art Auction House ↗
  18. Hunted Caribou by Carl Ray, 1972, ink and acrylic on paper, sold Sep 2017
    Hunted Caribou, 1972
    Acrylic · Paper
    20 x 30 in
    Heffel Fine Art Auction House · · Lot 508
    CA$2,813≈ $2,256≈ £1,679≈ €1,916Price realizedSign up free to seeEst. CA$2,500–3,500View at Heffel Fine Art Auction House ↗
  19. Portrait of Beaverman by Carl Ray, 1977, ink and acrylic on paper, sold Sep 2016
    Portrait of Beaverman, 1977
    Acrylic · Paper
    21 1/2 x 26 1/4 in
    Heffel Fine Art Auction House · · Lot 408
    CA$1,625≈ $1,242≈ £953≈ €1,107Price realizedSign up free to seeEst. CA$2,500–3,500View at Heffel Fine Art Auction House ↗
  20. Eagle Spirit, Sun Spirit and Warrior by Carl Ray, 1973, ink and gouache on paper, sold May 2016
    Eagle Spirit, Sun Spirit and Warrior, 1973
    Gouache · Paper
    16 x 23 in
    Heffel Fine Art Auction House · · Lot 610
    CA$1,250≈ $959≈ £655≈ €859Price realizedSign up free to seeEst. CA$2,000–3,000View at Heffel Fine Art Auction House ↗
  21. Mother Earth by Carl Ray, 1973, acrylic and ink on paper, sold Feb 2016
    Mother Earth, 1973
    Acrylic · Paper
    22 1/2 x 17 in
    Heffel Fine Art Auction House · · Lot 129
    CA$1,000≈ $734≈ £525≈ €666Price realizedSign up free to seeEst. CA$1,000–1,200View at Heffel Fine Art Auction House ↗
  22. Beaver by Carl Ray, acrylic and ink on paper, sold Feb 2016
    Beaver
    Acrylic · Paper
    23 1/2 x 17 in
    Heffel Fine Art Auction House · · Lot 128
    CA$3,245≈ $2,382≈ £1,705≈ €2,160Price realizedSign up free to seeEst. CA$1,500–2,000View at Heffel Fine Art Auction House ↗
  23. Untitled by Carl Ray, 1973, acrylic and ink on paper, sold Feb 2016
    Untitled, 1973
    Acrylic · Paper
    17 3/4 x 23 3/4 in
    Heffel Fine Art Auction House · · Lot 127
    CA$875≈ $642≈ £460≈ €582Price realizedSign up free to seeEst. CA$1,500–2,000View at Heffel Fine Art Auction House ↗
  24. Bear Shaman by Carl Ray, 1976, acrylic and ink on paper, sold Sep 2015
    Bear Shaman, 1976
    Acrylic · Paper
    22 x 28 in
    Heffel Fine Art Auction House · · Lot 302
    CA$3,125≈ $2,336≈ £1,535≈ €2,078Price realizedSign up free to seeEst. CA$3,000–4,000View at Heffel Fine Art Auction House ↗
  25. Animal Spirits by Carl Ray, 1978, acrylic on paper, sold Sep 2015
    Animal Spirits, 1978
    Acrylic · Paper
    22 x 30 in
    Heffel Fine Art Auction House · · Lot 301
    CA$3,125≈ $2,336≈ £1,535≈ €2,078Price realizedSign up free to seeEst. CA$3,000–4,000View at Heffel Fine Art Auction House ↗
  26. The Flood by Carl Ray, 1974, ink on paper, sold Jun 2015
    The Flood, 1974
    Drawing · Paper
    18 x 24 in
    Heffel Fine Art Auction House · · Lot 220
    CA$2,000≈ $1,615≈ £1,027≈ €1,441Price realizedSign up free to seeEst. CA$1,500–2,000View at Heffel Fine Art Auction House ↗
  27. Mishipeshu by Carl Ray, 1973, ink on paper, sold Jun 2015
    Mishipeshu, 1973
    Drawing · Paper
    13 1/4 x 18 in
    Heffel Fine Art Auction House · · Lot 219
    CA$2,000≈ $1,615≈ £1,027≈ €1,441Price realizedSign up free to seeEst. CA$1,200–1,500View at Heffel Fine Art Auction House ↗
  28. The Bird and the Snake by Carl Ray, 1974, acrylic and ink on paper, sold Feb 2015
    The Bird and the Snake, 1974
    Acrylic · Paper
    19 x 24 3/4 in
    Heffel Fine Art Auction House · · Lot 313
    CA$2,250≈ $1,804≈ £1,164≈ €1,594Price realizedSign up free to seeEst. CA$1,500–2,500View at Heffel Fine Art Auction House ↗
  29. The Guardian of Iyas by Carl Ray, 1976, tempera and ink on paper, sold Jan 2015
    The Guardian of Iyas, 1976
    Drawing · Paper
    15 x 21 1/2 in
    Heffel Fine Art Auction House · · Lot 227
    CA$2,000≈ $1,596≈ £1,055≈ €1,411Price realizedSign up free to seeEst. CA$1,200–1,500View at Heffel Fine Art Auction House ↗
  30. I Have Spoken by Carl Ray, 1976, tempera and ink on paper, sold Jan 2015
    I Have Spoken, 1976
    Drawing · Paper
    20 x 25 in
    Heffel Fine Art Auction House · · Lot 226
    CA$3,125≈ $2,494≈ £1,648≈ €2,204Price realizedSign up free to seeEst. CA$1,500–2,000View at Heffel Fine Art Auction House ↗
  31. Untitled by Carl Ray, 1978, acrylic on paper on card, sold Sep 2014
    Untitled, 1978
    Acrylic · Paper
    23 1/2 x 34 1/4 in
    Heffel Fine Art Auction House · · Lot 308
    CA$2,125≈ $1,911≈ £1,173≈ €1,503Price realizedSign up free to seeEst. CA$1,200–1,600View at Heffel Fine Art Auction House ↗
  32. Untitled by Carl Ray, 1978, acrylic on paper on card, sold Jun 2014
    Untitled, 1978
    Acrylic · Paper
    23 1/2 x 34 1/4 in
    Heffel Fine Art Auction House · · Lot 315
    CA$1,625≈ $1,517≈ £891≈ €1,115Price realizedSign up free to seeEst. CA$1,500–2,000View at Heffel Fine Art Auction House ↗

Questions about Carl Ray works on paper

How much is a Carl Ray works on paper worth?

Carl Ray works on paper in ArtSell’s records have sold for between $348 and $4,777, with a median of $1,710; half of the 32 priced sales were between $1,236 and $2,276. These are past auction results, not a valuation: size, medium, condition and provenance all change what a particular work brings.

What is the most expensive Carl Ray works on paper sold at auction?

The highest price recorded is $4,777 for “Untitled - Spirit in the Sky Boy in the Moon”, sold at Levis Fine Art Auctions in September 2025.

How much do Carl Ray works on paper sell for?

In the last five years the median was $1,600 across 12 sales. Over the whole record (2014–2026) the median is $1,710.

How often do Carl Ray works on paper sell at auction?

100% of the 32 works on paper offered at auction in our records sold.

Where are Carl Ray works on paper sold?

Most of the 32 recorded results come from Heffel Fine Art Auction House (31), Levis Fine Art Auctions (1). Every result on this page links to its auction catalogue.

How can I sell a Carl Ray works on paper?

Send a few photos for a free auction estimate: a specialist reviews it and replies by email, with no obligation to sell.

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