unilad homepage
  • News
    • UK News
    • US News
    • World News
    • Crime
    • Health
    • Money
    • Sport
    • Travel
  • Film and TV
    • Netflix
  • Music
  • Tech
  • Features
  • Celebrity
  • Politics
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Archive
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
TikTok
YouTube
Submit Your Content
Man sold $1.5 million blanket that was unknowingly sat in back of his closet for seven years

Home> Film & TV> News

Published 17:08 8 Oct 2024 GMT+1

Man sold $1.5 million blanket that was unknowingly sat in back of his closet for seven years

An episode of Antiques Roadshow forever changed the course of Loren Krytzer's life

Ellie Kemp

Ellie Kemp

google discoverFollow us on Google Discover
Featured Image Credit: John Moran Auctioneers
Ellie Kemp
Ellie Kemp

Ellie joined UNILAD in 2024, specialising in SEO and trending content. She moved from Reach PLC where she worked as a senior journalist at the UK’s largest regional news title, the Manchester Evening News. She also covered TV and entertainment for national brands including the Mirror, Star and Express. In her spare time, Ellie enjoys watching true crime documentaries and curating the perfect Spotify playlist.

X

@EllieKempOnline

Advert

Advert

Advert

Imagine sitting on $1.5 million for almost a decade and not even realising it...

This was the case for Loren Krytzer, whose life changed in 77 seconds after watching an episode of PBS' Antiques Roadshow.

The Californian native was scraping by on disability checks before making the shocking discovery.

Loren had been involved in a 2007 near-fatal car accident, resulting in his leg being amputated.

Advert

He was down on his luck, renting out a friend's shack in Leona Valley with just $200 left to live on each month.

But he could never have predicted how his fate would change after simply watching TV one day.

A man had a similar blanket to Loren's evaluated on Antiques Roadshow (YouTube/PBS)
A man had a similar blanket to Loren's evaluated on Antiques Roadshow (YouTube/PBS)

Loren watched the PBS show in amazement when a man brought on a blanket that looked just like his own family heirloom.

Antiques Roadshow experts told the man his 1800s Navajo blanket could be worth up to half a million dollars.

Loren's own blanket, passed down from his grandmother, had been sitting in the back of his closet for seven years.

"I never thought mine would be worth anything close to that," Loren told John Moran Auctioneers. "I thought it might be worth $10,000 or $15,000 or something."

But six months later, Loren's rare antique throw turned him into a millionaire.

Initially, some auctioneers turned him away, but with the Antiques Roadshow episode fresh in his mind, Loren soldiered on.

He eventually attended an open appraisal day at John Moran Auctioneers, who identified the blanket as one of the rarest and finest of the Navajo chief’s.

Ahead of the auction, Loren was hoping to make enough to fix up his car and buy a house for him, his wife and three kids.

Loren and his wife were in disbelief when the blanket sold at auction for $1.5m (John Moran Auctioneers)
Loren and his wife were in disbelief when the blanket sold at auction for $1.5m (John Moran Auctioneers)

Seventy seven seconds of bidding later, it was sold for $1.5m, smashing the previous world record of $522,500 for a similar blanket.

Loren used the money to sort his life out. He took his family on a Mexican vacation, bought a new car and not just one, but two houses - one worth $250,000. He invested the remainder in stocks and shares.

But gaining such a large sum of money isn't without its drawbacks. Loren lost his disability checks and a rather hefty tax bill came knocking - as did some distant relatives.

As reported by NY Post, Loren admitted: “I had people calling me and bugging me... People you haven’t seen in years - family members that don’t talk to you. You get some money, and they’re like, ‘Where’s mine?’”

Choose your content:

a day ago
2 days ago
  • Christopher Polk/Variety via Getty Images
    a day ago

    Jennifer Coolidge recalled living with American Pie co-star after their intimate scene

    Coolidge's role as Stifler's mom turned her into a noughties icon

    Film & TV
  • River Callaway/Variety via Getty Images
    2 days ago

    Netflix's Lamar Odom documentary leaves viewers thinking NBA star had died

    One detail about the new documentary has confused viewers

    Film & TV
  • Stuart C. Wilson/Getty Images
    2 days ago

    J.K. Rowling's Dumbledore is gay' comments resurface as some fans don't believe it

    New Harry Potter fans may be surprised to learn that J.K. Rowling made a major intervention concerning Dumbledore's sexuality

    Film & TV
  • HBO
    2 days ago

    Harry Potter child stars' salaries 'revealed' for first season

    The kids in HBO's new take on the world-famous Harry Potter are about to become the most famous 11-year-olds in the world

    Film & TV
  • JFK's secretary alleges that his assassination was a 'secret' government plot
  • Man who unknowingly has rare cancer donated his sperm to over 60 families with heartbreaking consequences
  • Man who was 'missing' for two years found after family spot him in TikTok
  • Everything that was discovered inside Princess Diana's time capsule that she buried 34 years ago