Sancy after a devastating defeat, James took shelter under Louis XIV of France, a fickle host who tired of his exiled guest. Facing destitution, James had no choice but to sell the Sancy to Cardinal Mazarin in 1657 for the reported sum of £25,000. The cardinal bequeathed the diamond to the king upon his death in 1661. The Sancy was thus domiciled in France but disappeared during the French Revolution when brigands raided the Garde Meuble (Royal Treasury). As well as the Sancy, other treasures stolen were the Regent diamond, and the French Blue diamond which is known today as the
Sequential auction of the results are valid also when participants have budget constraints. Sequential auction A sequential auction is an auction in which several items are sold, one after the other, to the same group of potential buyers. In a "sequential first-price auction" (SAFP), each individual item is sold using a first price auction, while in a "sequential second-price auction" (SASP), each individual item is sold using a second price auction. A sequential auction differs from a combinatorial auction, in which many items are auctioned simultaneously and the agents can bid on bundles of items. A sequential auction is much simpler to