Registered by Dr. Ralph (Herb) Benedict of Michigan and Bob Solberg of Green Hill Farm in North Carolina in 1999, this cultivar is a sport of the species, H. longipes hypoglauca. It forms a medium size (11 inches high by 30 inches wide) mound of shiny green foliage and dark red petioles.

The leaves are flat at the base and whitish colored on the bottom with thick substance. 'One Man's Treasure' bears medium purple flowers on reddish scapes from mid-September into October followed by viable seeds.

According to The Hostapedia by Mark Zilis (2009), "This Herb Benedict seedling was selected and developed by Bob Solberg of Green Hill Farm in Chapel Hill, North Carolina. It has the reputation as having the reddest petioles of all hosta cultivars. Its late season flowers add to its value in the landscape."

The Hosta Journal, (2000 Vol. 31, No. 1) states that H. 'One Man's Treasure' has the reddest petioles of all hosta cultivars.

The New Encyclopedia of Hostas by Diana Grenfell (2009) states: "An outstanding hosta, among the best of all hostas in flower. Excellent hybridizing potential for passing on its red petioles and even darker scapes."

This cultivar was winner of the Benedict Garden Performance Medal for 2008.