Beau Sancy Its larger sibling diamond, the Grand Sancy, was sold to James I of England for his Queen, Henrietta Maria. The Beau Sancy was acquired by the Queen of France, Marie de Medicis. From Marie de Medicis, it passed to the Dutch King William, later William III of England, and his wife Queen Mary II. In 1701 it passed from the Dutch royal family to Frederick I of Prussia. Beau Sancy The Beau Sancy is a modified "pear double rose cut" diamond found in India that has been owned by a number of European royal houses. In May 2012, it was
Multiunit auction provides an incentive for bidders to bid insincerely unless each bidder has demand for only a single unit. For multiple-unit demand, bidders have an incentive to shade their bids for units other than their first because those bids may influence the price the bidder pays. This demand reduction results in an inefficient equilibrium. A variation that preserves the incentive to bid truthfully is the Vickrey-Clark-Groves auction. In a pay-as-bid auction (or discriminatory price auction), multiple homogeneous items are sold at different prices. An example is the auction system at the Dutch Flower Auctions, where a lot is allocated to (potentially)