Sancy Hope diamond. The Sancy was in the collection of Vasiliy Rudanovsky until 1828 when purchased by Prince Demidoff for £80,000. It remained in the Demidov family collection until 1865 when sold to Sir Jamsetjee Jeejeebhoy, an Indian prince, for £100,000. He sold it only a year later, creating another gap in its history. It reappeared in 1867, displayed at the Paris Exposition, carrying a price tag of one million francs; the gem then vanished again for forty years. The Sancy next surfaced in 1906 when bought by William Waldorf Astor, 1st Viscount Astor, from famous Russian collector A.K.Rudanovsky. The prominent
No-reserve auction to be invalid, though are considered an offer to purchase until otherwise rejected or withdrawn (or the item is sold by way of auction). No-reserve auction A no-reserve auction (NR), also known as an absolute auction, is an auction in which the item for sale will be sold regardless of price. From the seller's perspective, advertising an auction as having no reserve price can be desirable because it potentially attracts a greater number of bidders due to the possibility of a bargain. If more bidders attend the auction, a higher price might ultimately be achieved because of heightened competition from