Disabled Mans Navajo Blanket Worth A Small Fortune

This stunning Navajo First Phase Chief's Wearing Blanket made headlines when it sold for (watch the video) at John Moran Auctioneers' June 19th sale in Southern California. An example of the rarest type of the earliest phase of Navajo blankets, it emerged from obscurity when it was brought into Moran's free appraisal clinic by a man whose family handed it down through the generations, casually using it around the house. The sale of this museum-quality treasure has dramatically changed his life, and made auction history. -yt
eric3579says...

Ellis emerged the victor, ultimately purchasing the piece for $1.8 million (all prices include 20% buyer’s premium).
http://www.johnmoran.com/latest-news/46962-first-phase-navajo-chiefs-blanket-headlines-successful-summer-antiques-auction-at-john-morans
>> ^Payback:

>> ^eric3579:
I'm guessing there is a 20% auction fee which would put the sale at $1.8 mil.
>> ^gwiz665:
Was only $1.5 mil.


Wrong direction. Seller pays the fee, so Big LT gets $1.3 Million.
Barely worth the effort IMHO.

Paybacksays...

I never said that.

I do suffer from Rommesia though...

>> ^eric3579:

Ellis emerged the victor, ultimately purchasing the piece for $1.8 million (all prices include 20% buyer’s premium).
http://www.johnmoran.com/latest-news/46962-first-phase-navajo-chiefs-blanket-headlines-successful-summer-antiques-auction-at-john-moran
s
>> ^Payback:
>> ^eric3579:
I'm guessing there is a 20% auction fee which would put the sale at $1.8 mil.
>> ^gwiz665:
Was only $1.5 mil.


Wrong direction. Seller pays the fee, so Big LT gets $1.3 Million.
Barely worth the effort IMHO.


bamdrewsays...

From poor, humble serf
Dependent on government
Up through tax brackets

Beautifully done, QM. May your artistic residency on these boards continue for many years!

>> ^quantumushroom:

According to liberal doctrine, this man just went from a humble serf, dependent on government, to an evil rich White guy who should be taxed at 90%.

ryanbennittsays...

>> ^DarkenRahl:

What a cynical point of view.
>> ^ryanbennitt:
So his ancestor payed 4 years of wages so he could pay off his bills?



I was impressed at the sum of money someone would pay for that, my jaw was dropping in the auction room, but I would have been more moved by this story had this disabled man worked hard and achieved his dreams instead of being magically saved by a blanket he just happened to have had all along.

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