Beau Sancy Its larger sibling diamond, the Grand Sancy, was sold to James I of England for his Queen, Henrietta Maria. The Beau Sancy was acquired by the Queen of France, Marie de Medicis. From Marie de Medicis, it passed to the Dutch King William, later William III of England, and his wife Queen Mary II. In 1701 it passed from the Dutch royal family to Frederick I of Prussia. 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
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