Down on his luck California man sells old blanket for $1.5 million

A California man down on his luck got a change of fortune after a blanket he inherited from his grandmother sold for nearly $1.5 million at an auction.

Loren Krytzer was involved in a car accident in 2007, after which he was forced to have his foot amputated and could no longer continue working as a carpenter. 

Krytzer spent close to a year in the hospital on dialysis after the accident.

"I kept trying to do the best I could, and finally it got so bad they said, 'Now we have to cut your foot off,'" he told CNBC.

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Guests look at items belonging to notorious Boston mobster James 'Whitey' Bulger are displayed during before an asset-forfeiture auction in Boston, Massachusetts, U.S., on Friday, June 24, 2016. The U.S. Marshals Service auctioned off items seized in 2011 from the Santa Monica hideout of the Bulger and his girlfriend, Catherine Greig. Photographer: Scott Eisen/Bloomberg via Getty Images
Home decorations belonging to Catherine Greig, longtime girlfriend of notorious Boston mobster James 'Whitey' Bulger, are displayed during a press preview before an asset-forfeiture auction in Boston, Massachusetts, U.S., on Friday, June 24, 2016. The U.S. Marshals Service auctioned off items seized in 2011 from the Santa Monica hideout of the Bulger and Greig. Photographer: Scott Eisen/Bloomberg via Getty Images
Notes written by notorious Boston mobster James 'Whitey' Bulger are seen in the book 'Ghettostadt: Lodz and the Making of a Nazi City' during a press preview before an asset-forfeiture auction in Boston, Massachusetts, U.S., on Friday, June 24, 2016. The U.S. Marshals Service auctioned off items seized in 2011 from the Santa Monica hideout of the Bulger and his girlfriend, Catherine Greig. Photographer: Scott Eisen/Bloomberg via Getty Images
Shoes and hats belonging to notorious Boston mobster James 'Whitey' Bulger are displayed during a press preview before an asset-forfeiture auction in Boston, Massachusetts, U.S., on Friday, June 24, 2016. The U.S. Marshals Service auctioned off items seized in 2011 from the Santa Monica hideout of the Bulger and his girlfriend, Catherine Greig. Photographer: Scott Eisen/Bloomberg via Getty Images
Guests look at items belonging to notorious Boston mobster James 'Whitey' Bulger are displayed during before an asset-forfeiture auction in Boston, Massachusetts, U.S., on Friday, June 24, 2016. The U.S. Marshals Service auctioned off items seized in 2011 from the Santa Monica hideout of the Bulger and his girlfriend, Catherine Greig. Photographer: Scott Eisen/Bloomberg via Getty Images
Cat mugs belonging to Catherine Greig, longtime girlfriend of notorious Boston mobster James 'Whitey' Bulger, are displayed during a press preview before an asset-forfeiture auction in Boston, Massachusetts, U.S., on Friday, June 24, 2016. The U.S. Marshals Service auctioned off items seized in 2011 from the Santa Monica hideout of the Bulger and Greig. Photographer: Scott Eisen/Bloomberg via Getty Images
A skull ring once belonging to James 'Whitey' Bulger and being offered for auction is seen in an undated picture released by the U.S. Marshals Service. Courtesy U.S. Marshals Service/Handout via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. EDITORIAL USE ONLY
Guests look at items belonging to notorious Boston mobster James 'Whitey' Bulger are displayed during before an asset-forfeiture auction in Boston, Massachusetts, U.S., on Friday, June 24, 2016. The U.S. Marshals Service auctioned off items seized in 2011 from the Santa Monica hideout of the Bulger and his girlfriend, Catherine Greig. Photographer: Scott Eisen/Bloomberg via Getty Images
Pictures of pets owned by belonging to notorious Boston mobster James 'Whitey' Bulger and his longtime girlfriend Catherine Greig are displayed during before an asset-forfeiture auction in Boston, Massachusetts, U.S., on Friday, June 24, 2016. The U.S. Marshals Service auctioned off items seized in 2011 from the Santa Monica hideout of the Bulger and Greig. Photographer: Scott Eisen/Bloomberg via Getty Images
A man looks at jewelry belonging to notorious Boston mobster James 'Whitey' Bulger are displayed during before an asset-forfeiture auction in Boston, Massachusetts, U.S., on Friday, June 24, 2016. The U.S. Marshals Service auctioned off items seized in 2011 from the Santa Monica hideout of the Bulger and his girlfriend, Catherine Greig. Photographer: Scott Eisen/Bloomberg via Getty Images
A skull ring belonging to notorious Boston mobster James 'Whitey' Bulger is displayed during a press preview before an asset-forfeiture auction in Boston, Massachusetts, U.S., on Friday, June 24, 2016. The U.S. Marshals Service auctioned off items seized in 2011 from the Santa Monica hideout of the Bulger and his girlfriend, Catherine Greig. Photographer: Scott Eisen/Bloomberg via Getty Images
Guests look at items belonging to notorious Boston mobster James 'Whitey' Bulger are displayed during before an asset-forfeiture auction in Boston, Massachusetts, U.S., on Friday, June 24, 2016. The U.S. Marshals Service auctioned off items seized in 2011 from the Santa Monica hideout of the Bulger and his girlfriend, Catherine Greig. Photographer: Scott Eisen/Bloomberg via Getty Images
Sweatpants belonging to notorious Boston mobster James 'Whitey' Bulger are displayed during a press preview before an asset-forfeiture auction in Boston, Massachusetts, U.S., on Friday, June 24, 2016. The U.S. Marshals Service auctioned off items seized in 2011 from the Santa Monica hideout of the Bulger and his girlfriend, Catherine Greig. Photographer: Scott Eisen/Bloomberg via Getty Images
Books belonging to notorious Boston mobster James 'Whitey' Bulger are displayed during a press preview before an asset-forfeiture auction in Boston, Massachusetts, U.S., on Friday, June 24, 2016. The U.S. Marshals Service auctioned off items seized in 2011 from the Santa Monica hideout of the Bulger and his girlfriend, Catherine Greig. Photographer: Scott Eisen/Bloomberg via Getty Images
A digital blood pressure monitor and cat book belonging to notorious Boston mobster James 'Whitey' Bulger are displayed during a press preview before an asset-forfeiture auction in Boston, Massachusetts, U.S., on Friday, June 24, 2016. The U.S. Marshals Service auctioned off items seized in 2011 from the Santa Monica hideout of the Bulger and his girlfriend, Catherine Greig. Photographer: Scott Eisen/Bloomberg via Getty Images
A Stanley Cup Championship ring once belonging to James 'Whitey' Bulger and being offered for auction is seen in an undated picture released by the U.S. Marshals Service. Courtesy U.S. Marshals Service/Handout via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. EDITORIAL USE ONLY
Shoes, clothing, and hats belonging to notorious Boston mobster James 'Whitey' Bulger are displayed during a press preview before an asset-forfeiture auction in Boston, Massachusetts, U.S., on Friday, June 24, 2016. The U.S. Marshals Service auctioned off items seized in 2011 from the Santa Monica hideout of the Bulger and his girlfriend, Catherine Greig. Photographer: Scott Eisen/Bloomberg via Getty Images
A calendar belonging to notorious Boston mobster James 'Whitey' Bulger is displayed during before an asset-forfeiture auction in Boston, Massachusetts, U.S., on Friday, June 24, 2016. The U.S. Marshals Service auctioned off items seized in 2011 from the Santa Monica hideout of the Bulger and his girlfriend, Catherine Greig. Photographer: Scott Eisen/Bloomberg via Getty Images
Notes written by notorious Boston mobster James 'Whitey' Bulger are seen in the book 'A Criminal and An Irishman' during a press preview before an asset-forfeiture auction in Boston, Massachusetts, U.S., on Friday, June 24, 2016. The U.S. Marshals Service auctioned off items seized in 2011 from the Santa Monica hideout of the Bulger and his girlfriend, Catherine Greig. Photographer: Scott Eisen/Bloomberg via Getty Images
A gold claddagh ring belonging to notorious Boston mobster James 'Whitey' Bulger is displayed during a press preview before an asset-forfeiture auction in Boston, Massachusetts, U.S., on Friday, June 24, 2016. The U.S. Marshals Service auctioned off items seized in 2011 from the Santa Monica hideout of the Bulger and his girlfriend, Catherine Greig. Photographer: Scott Eisen/Bloomberg via Getty Images
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Despite being denied disability multiple times -- which forced him to send his children to live with their grandparents in Louisiana -- Krytzer was eventually provided with government assistance.

He was able to barter his rent down to $700 and was left about $200 to live on per month.

"It was rough," he said. "I mean, we would literally go to Costco … and get a Costco hot dog and a Coke cause they were $1.50."

But in 2011, Krytzer got a glimmer of hope when he turned on his television and discovered the Antiques Roadshow program. In that episode, Krytzer saw a senior sell a Navajo blanket for $500,000, and he immediately likened the blanket to a similarly designed one he received from his grandmother.

"I paused it and I went and got the blanket and I'm sitting there holding it. … I'm lining up the lines on the TV with the blanket, seeing if they match," Krytzer said. "This guy is on TV, the appraiser says $300,000 to $500,000," he recalled, so "I'm thinking maybe this one is worth $5 to $10 grand."

SEE ALSO: Da Vinci portrait of Christ sells for record $450.3 million in New York

Krytzer told his family about the blanket, but they seemed skeptical about it.

"You will not get more than $10," he said his mother told him, according to HuffPost.

So, Krytzer brought the blanket to an auction house, which agreed to sell it to the highest bidder for $1.5 million in June 2012.

Since then, as you can imagine, a lot has changed for Krytzer, who went on to purchase two houses and a brand new car, among many other grand items, in the past few years.

"I just want to tell people to keep [hope] and never get down," Krytzer added. "Things can change."

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