This Broke Man Sold His Grandma's Blanket Not Knowing It Would Make Him A Millionaire

No one likes being broke, and it’s stressful, uncomfortable, and counterproductive to achieving your financial goals. Having no job, empty bank account, the awkward moments, the feelings of despair. Having no money for yourself means you also don’t have money for anyone else.

Just like this man from California who have been broke after he got an accident and can't have the job because of what happened but after he sold his grandma's old blanket, he had no idea that it would make him a millionaire.

Back in 2007, a man named Loren Kryzter had enjoyed a successful career, working as a self-employed carpenter, and he was well able to support his family. But he was caught up in a car crash that year which resulted in a complicated injury to his foot. Krytzer’s wound just refused to heal, despite a year-long stay in the hospital. His injury developed an infection and eventually, doctors gave the woodworker some terrible news.

Krytzer recollected the devastating conversation he had with his doctors in an interview in November 2017.

He recalled, "I kept trying to do the best I could, and finally it got so bad they said, 'We have to cut your foot off.'"

Now disabled, Krytzer found himself unable to continue his freelance career and was left unemployed with no income stream. Although he had gone through the trauma of losing a foot, Krytzer’s initial application for disability benefits was turned down. Furthermore, the California native had nothing in the bank and was now facing ruin.

At this point, Krytzer had been forced to lodge his three children with their grandparents on another side of the country in Louisiana. This, of course, was a heartbreaking decision for any father to have to make.

Then one day he watched an episode of popular TV program Antiques Roadshow. What he saw would result in the most dramatic change in fortunes and alter his life completely once again. His interest was piqued by an item on the channel’s Antiques Roadshow. In one particular segment, the show’s expert appraiser of antiques was a man called Don Ellis.

He owned a Native American art gallery and was a collector of First Nation artifacts. A participant in the episode, Ted Kuntz from Tucson, Arizona, had brought along an antique blanket for Ellis to look over.

Ellis unhesitatingly put a price on the modest-looking blanket of up to $500,000. Now, the thing that made Krytzer sit up and pay attention was that this was all very close to home. The blanket on TV looked amazingly similar to one that the former carpenter had in his closet. He had inherited the item, only to store it away and then think little more about it.

According to him, “I paused [the program] and I went and got the blanket and I’m sitting there holding it…” he remembered. “I’m lining up the lines on the TV with the blanket, seeing if they match. This guy is on TV, the appraiser says $300,000 to $500,000. So I’m thinking maybe this one is worth 5 to ten grand.”

After seeing the expensive find on Antiques Roadshow, Krytzer was spurred into action and took his bed cover to various local antique stores. But none of the shop owners were impressed, telling him that it was an every-day Mexican blanket with no value. But after a few months, finally, one antique dealer advised him to try John Moran Auctioneers in Monrovia, CA, which was known for dealing in Native American items.

So Krytzer took his grandmother’s heirloom along to an open appraisal day at John Moran Auctioneers. As a result of the consultation, Moran told Krytzer that his blanket was likely to attract offers of about $200,000 at auction. The antique dealer arranged for the item to be listed as a lot at the next event held at the auctioneers.

After the auction, he took himself off to a hotel and spent five days alone in order to let the good news sink in. After fees, the former disability claimant would have $1.3 million coming his way. Sadly, he also started to hear from relatives looking for a pay-out and his own sister threatened to sue him, but thankfully she later thought better of it.

Despite that unpleasantness, Krytzer was now able to enjoy his money.

Source: Youtube

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