How does a man live who has become a millionaire thanks to the sale of a blanket

Photos from the personal archive of Loren Kritzer

53-year-old Loren Kritzer entered the auction room in California ravaged and unemployed who survived on disability benefits.

Seventy-seven seconds later, he came out of there a millionaire, and all this thanks to a blanket, writes CNBC.

His life changed forever when he discovered that a forgotten old family heirloom Navajo blanket (made in the 1800s) that had been sitting in his closet for seven years was actually worth $1,5 million.

Good luck came just in time: Kritzer was huddled in a hut on the edge of the Lyons Valley in California, and also lost a leg in a deadly car accident.

But these changes also brought a man and problems, including tax and family troubles.

The man spent most of the money buying two homes in Central California, and now Kritzer loses about 10 000 US dollars a year only for insurance and property taxes.

Disability does not give a man the opportunity to work, and to continue to live on the money he received, he needs to move to a state with a cheaper stay.

“We are taxed too much here, I can’t afford it. I’m from California, I grew up here, but it’s hard to survive here without work,” the man admitted.

Kritzer and his wife are now selling homes in California and intend to move north to Idaho, where taxes are not so burdensome and life is more affordable.

Unexpected wealth also led to problems with relatives. Immediately after the auction, the man received several calls from distant relatives with a request to give them their share of the blanket. This caused him an alarming attack. When the situation became more complicated, he even moved to a hotel for five nights to calm down and relax.

Kritzer’s sister even threatened to sue him, demanding from the man a portion of the profits from the sale of the blanket.

It was also quite difficult to explain the situation to children, who believed that if their father was a millionaire, then he could buy anything for them.

According to him, he initially helped them, but he cannot give them money all the time, and they consider him an egoist for this.

And yet, despite all the problems that had arisen, Kritzer endured the test of wealth. Most of the money he spent on real estate, and the rest of his expenses are very deliberate.

The biggest expense, in addition to buying a home, was a honeymoon trip to Mexico, as well as buying Dodge Challenger SRT8 2012 year.

In general, the man says that money has not changed him. Kritzer says life has become a little easier after the auction.

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