James “”Jim”” J. Schabach, age 56, of 509 Diane Ct. Chilton, died peacefully with his family at his side, on Wed. Dec. 10, 2003 at the Calumet Medical Center in Chilton, following a long courageous battle with cancer. He was born on April 20, 1947 in Fond du Lac, son of Earl & Mary Rose (Heimerl) Schabach. He married Janet Duchow on Dec. 19, 1987 in Little Chute. Jim was an antique dealer and auctioneer in northeast Wisconsin for many years, and was the owner of Bargain Nook Liquidations in New Holstein. He was a member of the Wisconsin Auctioneers Association. Jim loved camping with his family at Plymouth Rock Campground, and was an avid NASCAR fan, but nothing compared to the love he had for his grandchildren. Survivors include his wife Jan, a son Dean (son of Mary Schuler) his wife Gail and their children, Cole, Seth, & McKenna of Chilton; 3 step children, Michelle (Craig) Piepenburg and their children, Tyler, Faith, & Cortney of Chilton, Jeremy (Lisa) Hostettler of Chilton, Ellen Hostettler & Special friend Justin Schoenborn of Chilton; 4 sisters, Chris (John) Horst of Chilton, Debbie (Dave) Leitner of Chilton, Lisa (Paul) Roberts of Chilton, Lori (Mark) Fagg of Chilton; a brother, Ken (Tammy) Schabach of Chilton; his father and mother-in-law, Harold & Irene Duchow of Kaukauna; a sister-in-law, Joyce (Jerry) Diedrich of Kaukauna; nieces, nephews, and many friends. He was preceded in death by his parents, a sister-in-law Lynn Schabach, and a nephew Shane Schabach. Funeral services will be at 2 PM on Sat. Dec. 13, 2002 at St. Luke Lutheran Church in the Town of Chilton, with the Rev. H.P. Hilgendorf officiating. Cremation will follow the services. Friends may call at the church (W3102 Killsnake Rd. Chilton) on Sat. from 10 AM to 1:30 PM. Wieting Family Funeral Home in Chilton is assisting the family.
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History of Auctioneering
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In 1964, Sotheby’s expanded itself by buying Parke-Bernet, the USA’s largest fine art auction house at the time. Today, it’s noted as the oldest and largest international firm of fine art auctioneers in the world. It has 80 locations across the globe and sees an annual turnover of about $4 billion.
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In 1786, Christie’s sold the library of the famous Dr. Samuel Johnson, creator of the Dictionary of the English Language (1755). This collection included insightful books on a variety of topics, including but not limited to medicine, law, math, and theology.
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In 1824, The National Gallery was founded in London. It opened its doors with many purchases from Christie’s. New York’s MET museum also made its first connection to the London market through Christie’s, sending them their first lot for sale in 1958. Today, Christie’s boasts a worldwide influence with locations in Europe, Asia, Africa, and the Americas.
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In June 2019, French-Israeli telecom businessman Patrick Drahi made an offer to buy Sotheby’s for $3.7 billion. This meant that following the acquisition, Sotheby’s could be more flexible in its deals now that it didn’t have to justify expensive guarantees or other benefits to shareholders. This new structure also gave comfort to their higher-profile buyers who would rather not be scrutinized by the public eye. Following the adoption of this new private curtain, the comparison between Sotheby’s and Christie’s was more strongly apples to apples than ever before.
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The auction by candle also played a pivotal role in defining legal history. It was used as a standard procedure in the Court of Chancery, where trust property was sold off. The Sales of Land by Auction Act 1867 officially made it lawful to pay commission to an auctioneer, marking a significant milestone in the auctioneering profession.
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The most valuable picture postcard in the world was sent by Theodore Hook Esq. to himself in 1840 and was bought at the London Stamp Exchange auction, UK on 8 March 2002 by collector Eugene Gomberg (Latvia) for £31,758.75 ($45,370.60). It is also considered to be the oldest postcard in the world.
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The oldest bottle of wine to have been sold at auction was a bottle of 1646 Imperial Tokay, which was bought by John A. Chunko of Princeton, New Jersey, USA and Jay Walker of Ridgefield, Connecticut, USA for SFr 1250 (£;405) including buyers premium at Sothebys, Geneva, Switzerland on 16 Nov 1984.
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The most expensive wine sold at auction is a Romanée Conti 1945 Domaine de la Romanée-Conti bottle, sold at $558,000 (£422,801; €481,976) including premium, auctioned by Sotheby’s in New York, USA, on 13 October 2018.
The 73 year old French Burgundy bottle, part of a 600 batch produced by Domaine de la Romanée-Conti, sold more than 17 times the original asking price of $32,000 (£24,246; €27,640). The mark up in the bottles value is suspected to be a result of Chinese market’s interest in French Burgundy. In addition, the bottle was sold by Robert Drouhin, patriarch of Maison Joseph Drouhin.
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A Batpod motorcycle used in the filming of The Dark Knight Rises (USA, 2012) sold at the 2016 Prop Store Live Auction by Prop Store (UK) on 27 September 2016 for £312,000 ($404,393).
The Batpod was the “hero” vehicle used for filming close-ups, meaning that it had more detail than others used for filming at long distance but is largely non-functioning. The motorcycle was designed by Christopher Nolan and production designer Nathan Crowley, and brought to life by special-effects artist Chris Corbould, who made six of the vehicles. Its pre-auction estimate was between $80,000 and $110,000, so it secured about four times the expected price.
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