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Ableauctions -- Heritage Galleries eBay Art Auction Sells $165,000 of Merchandise on the Internet, Attracting 560 Registered Bidders.

DALLAS -- Ableauctions.com (AMEX:AAC) announced today that the Heritage Galleries art auction held May 3rd and 4th on eBay Live Auctions through its subsidiary iCollector.com attracted 560 Internet bidders, resulting in $165,000 in online sales.

James Halperin, Co-Chairman of Heritage Auction Galleries, commented, "Heritage Auction Galleries has worked closely with iCollector for more than 5 years, having listed nearly one billion dollars at auction. iCollector has provided Heritage Auctions with first-class service and quality software for listing our auctions concurrently on eBay Live."

"I'm very pleased with the results of this auction," said Dr. Edmund P. Pillsbury, Managing Director of Fine and Decorative Arts for Heritage. "We saw strong bidder participation in each session, both in the auction room and on the phone, as well as via the Internet, all of which contributed to the strong prices realized."
Highlights from the auction included the following Internet sales:

 William Ritschel (American 1864 -1949) "Thaw on 12th Street, New
 York" -- $20,000.00

 Guy Carleton Wiggins (American 1883-1962) "5th Ave Blizzard at the
 Library" -- $44,000.00

 William MacDougal Hart (American 1823-1894) "Cattle Watering" --
 $5,500.00

 Walter Granville-Smith (American 1870-1938) "Across the Valley,
 1934" -- $4,750.00

 Enoch Bolles (American 1883-1976) "Brunette" -- $3,750.00


Heritage Auction Galleries, established in 1976, is the world's largest collectibles auctioneer with 242,908 members. They offer a wide range of Coins, Currency, Comics, Movie Posters, Antiques & Decorative Arts, Fine Art, Sports collectibles and Political Memorabilia. Their goal is to provide their customers with the largest selection of high-quality collectibles and fulfill their mission in providing the Internet's most indispensable trading platform and source of information for serious collectors, investors and dealers.

About iCollector.com

iCollector.com is the pre-eminent supplier of live online auction technology and services to some of the world's most prestigious galleries and industrial auction houses and operates one of the largest eBay Live Auction sales and support centers in the world. It is the only auction technology company to be endorsed by the National Auctioneers Association (NAA) and has partnered with eBay Live Auctions in streamlining the process of broadcasting auctions real-time on the Internet. iCollector's technology enables auction houses to open their establishments to the world by allowing online bidders to participate in real-time on the auction floor.

Visit www.icollector.com or www.icollector.com/ourTechnology.aspx.

About Ableauctions.com

Ableauctions.com Inc. (AMEX:AAC) is a high-tech liquidator and online auction facilitator that operates the domains iCollector.com, NAALive.com and UnlimitedCloseouts.com.

As an online auction facilitator, the Company, with the experience of over 3,000 auctions, has developed state-of-the-art technology to broadcast auctions over the Internet (www.ableauctions.com/technology) and currently provides the technology and related services to auction houses, enabling them to broadcast auctions over the Internet. The Company broadcasts business and industrial auctions over the Internet for auctioneers and members of the National Auctioneers Association (NAA) and art, antique and collectible auctions for numerous galleries and auction houses around the world through eBay Live Auctions.

As a liquidator, the Company, through Unlimited Closeouts, purchases overstocks, order cancellations and discontinued products from major manufacturers and importers, then sells the merchandise to major retail chains, other resellers or the public.

For a comprehensive Corporate Update and prior releases, visit www.ableauctions.com. For more information, contact Investor Relations at investorrelations@ableauctions.com.

This press release contains forward-looking statements, particularly as related to, among other things, the business plans of the Company, statements relating to goals, plans and projections regarding the Company's financial position and the Company's business strategy. The words or phrases "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers" or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the performance of our staff, loss of management personnel, an inability to obtain financing as and when we need it, competition from other online auction businesses, our ability to implement or manage our expansion strategy, general economic conditions, our ability to license our software to other auction houses, our ability to acquire profitable companies and integrate them into our business successfully and other factors that are detailed in our Annual Report on Form 10-KSB and on documents we file from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place undue reliance on such statements. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. E.&O.E.
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Publication:Business Wire
Geographic Code:1CANA
Date:May 17, 2006
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