REAL LIFE

Disabled Man Becomes A Millionaire After Selling The Navajo First Phase Chief's Wearing Blanket

Date November 16, 2017

After a car accident, Loren Krytzer lost one foot, he had to survive on a $839 disability check and could hardly make ends meet. Little did he know that a miraculous twist of fate was waiting for him just around the corner.

JohnMoranAuctions / YouTube

Once, after watching the “Antiques Roadshow” show about a man who had a Navajo first-phase chief’s wearing blanket, Krytzer realized he had a similar blanket, which had been in his family for years. In the John Moran Auctions video, he explains:

I came across a First Phase Chief’s Navajo blanket that was handed down to the family. I never really thought it was worth any large sum of money.

JohnMoranAuctions / YouTube

In the “Antiques Roadshow” episode, the blanket cost half a million dollars, but Loren never though his blanket could be worth anything close to that,

I thought maybe it would be worth $10,000 or $15,000 or something.

Nevertheless, Krytzer decided to get in touch with an antique appraiser and put up the blanket for auction. He found out that it was supposedly woven before the 1850s and must be very valuable.

On June 19th, 2012, Krytzer’s family heirloom was sold for whopping $1.8 million at John Moran Auctioneers! 20% of that amount was buyer’s premium.

JohnMoranAuctions / YouTube

That sale changed Loren Krytzer’s life forever. Later he said:

It’s like winning the lottery, I had no idea. I’m still freaking out. It’s changed my whole life.

Navajo chief’s blankets were highly appreciated back in 19th century. They were originally worn by wealthy people or chiefs. They vary in geometric patterns and colors and are divided into three phases, and the first phase considered to be the most precious. According to PBS, less than 50 of these blankets, made before 1865, survived.

Please, watch the video to learn more about Loren Krytzer’s amazing story.

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