FIFE, WASHINGTON - June 27, 2003 - Ableauctions.com Inc. (AMEX:AAC) (the "Company") announced today that it will broadcast Kruse International's "Bob Dean Classics Auction" on eBay Live Auctions on Saturday June 28, 2003.

The 165 lot auction, estimated at $200 Million by Kruse, is the largest in the history of iCollector. The auction consists of luxury and collectible automobiles, boats, motorcycles, and real estate ranging from a 14 story building to an 862 acre site. The auction can be seen at www.icolletor.com.

About Ableauctions.com

Ableauctions.com is a high-tech business-to-business and consumer auctioneer that conducts auctions live and simultaneously broadcasts them over the Internet. The Company liquidates a broad range of products including computers, electronics, office equipment, furniture and industrial equipment that are acquired through bankruptcies, insolvencies and defaults. For a comprehensive Corporate Update and prior releases, visit www.ableauctions.com. For more information contact Investor Relations at 858-775-7962 or investorrelations@ableauctions.com.

About iCollector.com

iCollector.com is the independent connection to the world's auction houses. Founded in 1994, it was the first company dedicated to trading antiques, fine art and premium collectibles on the Internet. Today iCollector.com represents some of the world's leading auction houses. Since January 2001, its alliance with eBay Live Auctions has resulted in hundreds of Live Auctions being broadcast in real-time, direct to the saleroom as the auction happens, selling tens of thousands of lots to many thousands of users online. With its unparalleled understanding and expertise in this sector, iCollector can help you to maximize your opportunities to find, buy or sell art, antiques and collectibles online.