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First Phase Navajo Chief's Blanket sets auction record...
Broadstruck
Posts: 30,497 ✭✭✭✭✭
To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
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Not really looking for much these days but if I were, it might be a toner.
thanks,
bob
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CoinsAreFun Toned Silver Eagle Proof Album
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Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
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More CoinsAreFun Pictorials NGC FOR SALE
I sincerely hope he keeps his head. $1.5M is a tremendous sum of money, but experience sadly shows most people are ill-equiped to manage it well, especially over time. After taxes, and after paying whatever sellers % he has in that auction, he would be left with maybe $800-900k. Spending 5% of that per year would be sustainable over time = $45k/year.
I'd bet a month's wages that in two years he has less than $250k left. I really hope someone takes the time to sit down & go over it with him.
WOW!!!!!
GrandAm
God Bless Them, Every One
Really touching to see another surface and especially to an in need person with disability.
Thanks for sharing! Great stuff!
I have an indian penny, indian nickel, indian $2.5 gold piece, indian $5 gold piece and indian $10 piece!
I should be reeling it in!
I remember when this happened- I think it was about a year to 2 years ago. Very moving story
"If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"
My Washington Quarter Registry set...in progress
it would be nice if we had a section just for neat auction videos/stories like this.
that 9" sea green obsidian arrowhead was a neat one too.
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Tom
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
This stuff is still out there, somewhere.
I think we all have had hopes while watching the Roadshow thinking we might have something similar to an on-air high-priced appraisel that could be our windfall.
I know my wife and I have had many discussions while watching as to whether we would keep something of significant value and hand it down or sell it. She always says 'I'D SELL IT'.
Love how the auction company just precariously has two people holding up the blanket for display prior to the auction. You'd think they'd have a better way to display it for the actual auction portion.
Thanks for posting. Too bad the Roadshow doesn't appraise coins.
<< <i>Got to believe the winning bidder kept wincing while those two guys were holding the blanket up that way because the minute he won it I am certain a couple of pairs of white gloves would be showing up to be placed in a climate controled dry temperature regualated air with auto-anti-moisture/cleaned air and flame proof surroundings plus filtered lice/beetle/bug/moth proof plexiglass case in the mega mansion that he calls home. >>
The winning bidder could have been a museum or other public entity.
Altadena auction house changes a man's life with record-setting auction
Sunday, July 15, 2012
John Moran Auctioneers of Altadena had a hand in this happy story, as an old family Navajo blanket belonging to Loren Krytzer of Antelope Valley brought $1.8 million at auction and changed his life.
Krytzer, who was living on disability payments following a foot amputation, saw a blanket similar to his appraised on the "Antiques Roadshow" for up to $500,000. He took his blanket -- handed down in the family for generations -- to John Moran's monthly "What's It Worth" valuation day in March.
The blanket went up for auction at the Pasadena Convention Center on June 19. According to Moran's release, "After a pitched battle between phone and floor bidders from across the country, the well-known dealer Donald Ellis of Donald Ellis Gallery in New York and Ontario, bidding from the floor, emerged the victor as the stunned consignor looked on." The total price, including 20% buyer's premium, was $1.8 million.
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As others have said, I hope the Gentleman spends his new found riches wisely.
Thanks.
Gotta go find a hanky.
"Inspiration exists, but it has to find you working" Pablo Picasso
Very nice. Thanks for sharing.
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hides, twenty horses, ten rifles, or five ounces of gold. Among high-ranking
members of the Plains and Prairie tribes, including the Arapahoe, Assiniboine,
Cheyenne, Comanche, Kiowa, Mandan, and Sioux, a Navajo chief’s blanket was
a form of currency. You could trade twenty horses for one chief’s blanket, wear
the blanket for a year, and then trade it for hides or rifles. Chief’s blankets were
expensive—by 1830, they were the most expensive garments in the world—but
they held their value. If you were one of the leaders of your tribe, you owned
a chief’s blanket.
neat! Thanks for the post, learned quite a bit!
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