Sancy I of Portugal. Henry III of France suffered from premature baldness and tried to conceal this fact by wearing a cap. As diamonds were becoming increasingly fashionable at the time, Henry arranged to borrow de Sancy's diamond to decorate his cap. Henry IV also borrowed the stone, for the more practical purpose of using it as security for financing an army. Legend has it that a messenger carrying the jewel never reached his destination, but de Sancy (by then Superintendent of Finance) was convinced that the man was loyal and had a search conducted until the site of the messenger's
Multiunit auction multiple buyers in different bidding rounds. To speed up this process, the initial auction price for any subsequent bidding round is set just slightly higher than the previous winning bid (around 15-20 cents, or 15-30% on average). 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