Sancy Sancy The Sancy, a pale yellow diamond of , was once reputed to have belonged to the Mughals of antiquity, but is more likely of Indian origin owing to its cut, which is unusual by Western standards. The shield-shaped stone comprises two back-to-back crowns (the typical upper half of a stone) but lacks any semblance to a pavilion (the lower portion of a stone, below the girdle or midsection). The Sancy's known history began circa 1570. Several sources state it belonged to Charles the Bold, Duke of Burgundy. After Charles died, in 1495 it passed to his cousin King Manuel
Auction bid has become a binding agreement. Auctions can differ in the number of participants: Prices are "bid" by buyers and "asked" (or "offered") by sellers. Auctions may also differ by the procedure for bidding (or asking, as the case may be): Auctions may differ as to the price at which the item is sold, whether the first (best) price, the second price, the first "unique" price or some other. Auctions may set a reservation price which is the least/maximum acceptable price for which a good may be sold/bought. Without modification, "auction" generally refers to an open, demand auction, with or