Sancy after a devastating defeat, James took shelter under Louis XIV of France, a fickle host who tired of his exiled guest. Facing destitution, James had no choice but to sell the Sancy to Cardinal Mazarin in 1657 for the reported sum of £25,000. The cardinal bequeathed the diamond to the king upon his death in 1661. The Sancy was thus domiciled in France but disappeared during the French Revolution when brigands raided the Garde Meuble (Royal Treasury). As well as the Sancy, other treasures stolen were the Regent diamond, and the French Blue diamond which is known today as the
English auction has variants for selling multiple identical items or multiple different items. See also for a comparison. English auction An English auction is an open-outcry ascending dynamic auction. It proceeds as follows. Unlike sealed-bid auctions (such as First-price sealed-bid auction or Vickrey auction), an English auction is "open" or fully transparent, as the identity of all bidders is disclosed to each other during the auction. More generally, an auction mechanism is considered "English" if it involves an iterative process of adjusting the price in a direction that is unfavorable to the bidders (increasing in price if the item is being sold