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
No-reserve 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 bidders. This contrasts with a "reserve auction", where the item for sale may not be sold if the final bid is not high enough