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.”
He inherited the blanket initially because no one in his family realized its value, either. When his grandmother died, he had gone to her house to collect the books she had …