New York Post

PAUPER’S BLANKET CHECK

$1.51.5M heirloom

- By MAX JAEGER

This should cover him for a while. A broke California man is resting a little easier after he found out that his old family-heirloom blanket was actually a Navajo weaving from the 1800s worth $1.5 million.

Loren Krytzer was barely scraping by on disability checks after hhe lost his leg in a 2007 car crash. He was living in a shack in Leona Valley when he found out the blanket ththat had sat in his closet fofor seven years was worth a bundle.

He was watching PBS’s “Antiques Roadshow” when he saw a throw just like the one his grandmothe­r had left him anand learned it could be worth hundreds of thousands of dollars. So six months later, he put it up for auction. The bidding started at $150,000, but eventually netted him 10 times that — $1.5 million. It “gave me a new lease on life,” Krytzer told CNBC. “It truly did.”

Now he has taken his wife and three daughters on a vacation to Mexico, invested a share of the windfall in stocks and bonds, bought himself a 2012 Dodge Challenger SRT8 souped up by the custom mechanic made famous on MTV’s “Pimp My Ride,” and scored two houses.

But the money is also raising some new issues: namely, a king-sized tax bill — and some johnny-come-lately relatives.

“We’re getting taxed to death here. I can’t afford it. I’m from California. I grew up here, but without working, it’s just hard to survive.”

Krytzer lost his disability as a result of the windfall, and now he’s on the hook for $10,000 to insure the homes and pay property taxes.

And then there are his long-lost relations.

“People you haven’t seen in years — family members that don’t talk to you,” he said. “You get some money, and they’re like, ‘Where’s mine?’ ”

Krytzer had to explain to his kids that the $1.3 million he got after taxes wouldn’t last forever.

“When I first got the money, I helped them out,” he said. “But now it’s like I can’t do it, I don’t have it, and they are like, ‘ You have millions of dollars. You’re being selfish.’ ”

Still, Krytzer says his life has taken a turn for the better. He and his family are mulling a move to Idaho, where things are more affordable and they can make their nest egg last longer.

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