Meet Loren Krytzer, a man who was living on $200 a month when he sold a ‘worthless’ blanket for $1.5 million. He learned the value of this Navajo blanket while watching an episode of Antiques Roadshow, where a similar blanket was appraised. The winner of the auction was the appraiser from the show

This man was living on $200 a month when he sold a ‘worthless’ blanket for $1.5 million

Loren Krytzer walked into the California auction room broke and unemployed, surviving on disability checks. Seventy-seven seconds later, he walked out a millionaire — all thanks to a blanket.

“Everybody loves a rags to riches story,” laughs Krytzer.

His life changed forever when he discovered that a forgotten old family heirloom, a Navajo blanket from the 1800s that had been sitting in his closet for seven years, was actually worth $1.5 million. And just in time, too. He had been scraping by, living in a shack on the edge of California’s Liona Valley, and had lost a leg after a near-fatal car accident.

The sale of the blanket “gave me a new lease on life,” Krytzer tells CNBC Make It. “It truly did.”

Loren Krytzer, 53, hikes … Continue Reading (10 minute read)

8 thoughts on “Meet Loren Krytzer, a man who was living on $200 a month when he sold a ‘worthless’ blanket for $1.5 million. He learned the value of this Navajo blanket while watching an episode of Antiques Roadshow, where a similar blanket was appraised. The winner of the auction was the appraiser from the show”

  1. WigboldCrumb

    I really like the auctioneer and how he took good care of him through the process.

  2. annheim3

    What a great story. I like that he has figured out how to hold on to the money, so many ‘poor’ people that get a windfall lose their money so quickly. He seems to have learned that taxes are a thing.

  3. jayqpadilla

    Hahaha if only you guys knew who this guy really is. This is my wife’s uncle. He didn’t give a dime to his mother who he was living with at the time and who also gave him this blanket. This guy isn’t who you think. The media may make him seem like a humbled person but he’s terrible. Dislike all you want if you knew him you’d know how shit this story actually is.

  4. kangolkyle

    Gotta wonder how great grandpappy got hold of a Navajo chief’s blanket if they were indeed so rare and valued at the time. Was waiting for a big reveal of Navajo heritage that did not come

  5. DubiousDeserter

    Well at least now he can afford to go to the hospital twice

  6. JosephCurrency

    “Jeff Moran immediately called his late father into the room when Krytzer revealed the family blanket he was looking to sell at an open appraisal day at John Moran Auctioneers.”

    I know this isn’t what the sentence is saying, but I picture Jeff calling out to his father, a man who isn’t alive, to come look and it’s oddly very touching.

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