Ableauctions to Host Best of the West "Colorado Art Auction" on Ebay Live Auctions.

COLORADO SPRINGS, Colo. -- Ableauctions.com (AMEX:AAC) announced today that it will host Best Of The West "Colorado Art Auction" October 21, 2006 on eBay Live Auctions through its subsidiary iCollector.com. This event will feature 350 lots of fine art, Navajo textiles, Pueblo pottery and Indian baskets.

Colorado regional art has been advanced greatly in stature and value through these successful semi annual art auctions. For the past five years Best Of The West Auctions has been striving toward our mission to reacquaint our region with the importance of the Broadmoor Art Academy as an early 20th century art colony. The members of this school produced some truly fine American art and Best of the West is pleased to have been a part of advancing the interest in collecting and enjoyment of these artists's work as well as many other historically important Colorado and regionalist artists.

Some of the more interesting items in this auction include over 100 items by Charles Bunnell and his students and contemporaries as well as historically important artists like Charles Partridge Adams, Joseph Imhof, Harvey Otis Young, Robert Wood, Carl Oscar Borg, Birger Sandzen, James Skelton, John Thompson, Eve Drewelow and others.

In addition to a great list of art there will be some wonderful Navajo rugs and Pueblo pottery to compliment the fine art.

Tad Bickley, of Best of the West Auctions, states, "Best of the West Auctions has conducted several dozen online auctions with iCollector and others. We found the process flawless with iCollector, but more importantly, they have produced new and fresh buyers to our company." Tad continues, "There are many options we could use for Internet bidding, but we were most impressed with the quality of customer service, the integrity of the principals, and how much international advertising value we realized by being in the eBay database for 10 days prior to the auction. This international online Internet presence has elevated our stature in the market place immeasurably. Thanks, iCollector."

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 on-line auction facilitator that operates the domains iCollector.com, Naalive.com and Unlimited Closeouts.com.

As an on-line 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 [e-mail]

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