Beau Sancy 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 sold at Sotheby's auction in Geneva for $9.57 million. The original estimated price of $2 million was lifted five times during the eight-minute battle between five buyers, before the diamond was sold to one of them who remained anonymous. The Beau Sancy diamond takes its name from Nicolas de Harlay, Lord of Sancy, who brought the diamond to France from India where he had been the French ambassador.
Multiunit auction Multiunit auction A multiunit auction is an auction in which several items are sold. The units can be sold each at the same price (a uniform price auction) or at different prices (a discriminatory price auction). A uniform price auction otherwise known as a "clearing price auction" is a multiunit auction in which a fixed number of identical units of a homogenous commodity are sold for the same price. Each bidder in the auction may submit (possibly multiple) bids, designating both the quantity of units desired and the price he/she is willing to pay per unit. Typically these bids are