Nicolas de Harlay, seigneur de Sancy Maximilien de Béthune, duc de Sully. Meanwhile he had been a second time converted to Catholicism, but his influence at court waned, and he retired from public life in 1605. He survived until 13 October 1629, leaving a "Discours sur l'occurrence des affaires". His son, Achille Harlay de Sancy (1581–1646), was bishop of Saint-Malo. The Sancy diamond's known history began circa 1570 in Constantinople when purchased by de Sancy. Something of a gem connoisseur, de Sancy used his knowledge to prosperous advantage. Henry III of France suffered from premature baldness and tried to conceal this fact by wearing a cap.
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)