Others banks involved with the IPO included Deutsche Bank, Oppenheimer, Needham, Craig-Hallum and William Blair.
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Craig-Hallum analyst Eric Martinuzzi cut his rating to Accumulate from Buy.
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On Monday, worries about Asia's chilling effect on the international art market spurred Craig-Hallum Capital Group analyst George Sutton to lower Sotheby's rating to Hold from Buy.
WSJ: Christie's, Sotheby's Show Conflicting Sales
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