VENTURE CAPITAL POST

According to a Wall Street Journal report, Marcato Capital would like Sotheby's to divest its New York and London properties.

Artworks of British renegade graffiti artist Banksy became popular overnight in New York as city authorities had tried in vain to catch him for vandalism charges.

Sotheby's would adopt its shareholders right plan after Daniel Loeb's Third Point hedge fund planned to increase its stake in the company and pushed to shakeup the company's management team, said a Reuters report.

HSBC Holdings Plc would stand to get USD19.5 million from the sale of its two paintings by Italian painter Canaletto.

Sotheby's said it would auction Moet & Chandon Champagne back to 1914 vintage in November.

Auction house Sotheby's estimated that 'The Premier Blue' the world's biggest round blue diamond, would be sold at more than USD19 million.

Daniel Loeb's New York-based hedge fund increases its stake in Sotheby's to 5.7%.