Sancy robbery and murder was found. When the body was disinterred, the jewel was found in the faithful man's stomach. De Sancy later sold the diamond to James I (successor of Queen Elizabeth) about 1605 when it is thought the Sancy acquired its name. It was described in the Tower of London's 1605 Inventory of Jewels as "...one fayre dyamonde, cut in fawcetts, bought of Sauncy." James had it set into the Mirror of Great Britain. The Sancy was briefly possessed by the unfortunate Charles I (King of England, Scotland and Ireland) and then by his third son James II. Beleaguered
Vickrey auction bids of all the other actual winning bidders. A different kind of generalization is to set a reservation price - a minimum price below which the item is not sold at all. In some cases, setting a reservation price can substantially increase the revenue of the auctioneer. This is an example of Bayesian-optimal mechanism design. Vickrey auction A Vickrey auction is a type of sealed-bid auction. Bidders submit written bids without knowing the bid of the other people in the auction. The highest bidder wins but the price paid is the second-highest bid. This type of auction is strategically similar