The Sydney businessman and philanthropist tragically died this week, when he was hit by a Ford Ranger ute in Sydney’s CBD on Monday. He passed on 14 July, aged 79. The driver of the vehicle will appear in court in August.
Schaeffer’s death has shocked the art world. ‘He was probably one of our greatest arts patrons and he has never really been fully recognised for that,’ said art critic John McDonald in Sydney Morning Herald.