TMSG: Man Living On $200 A Month Sells Passed Down Blanket For $1.5 Million

Loren Krytzer was broke, unemployed and surviving on disability checks after losing his leg in a near-fatal car accident a few years prior. 

But then his life was about to be changed forever. Krytzer was watching an episode of "Antiques Roadshow" in which an elderly Tucson, Ariz., man is shocked to learn that his First Phase Navajo blanket is actually worth around $500,000.

Krytzer had inherited a similar blanket as a family heirloom, a Navajo blanket from the 1800s. He took that blanket to an auction where it only took 77 seconds to go from its opening price of $150,000 to $500,000 to $1 million before topping out at a final bid of $1.5 million.

"Everybody loves a rags to riches story," laughs Krytzer.


More on CNBC with this story here.

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