FIFE, WASHINGTON - July 14, 2003 - Ableauctions.com Inc. (AMEX:AAC) (the Company") announced today that Kruse International Inc., the largest collector car auction company in the world, will broadcast its Auburn classic car auction through the services of the Company's wholly owned subsidiary iCollector, August 27, 2003 to September 2, 2003 from Auburn, IN.

The Auburn 2003 auction is the 33rd edition of the "World's Largest Collector Car Auctions and Show." For 33 years, buyers, seller and enthusiasts from around the globe have congregated in Auburn to celebrate automotive heritage on Labor Day weekend. Each year, the Auburn auction, in conjunction with the Auburn Cord Duesenberg Festival, promotes car collecting, sets records, provides entertainment, and sells more collector cars than any other auction in the world. The Company intends to send its own technology team to assist in the broadcast of the auction.

Kruse International conducted the world's first annual consignment collector car auction in 1971 with its Auburn, Indiana auction. The Auburn extravaganza, held each Labor Day weekend, is the world's largest event of its kind and annually draws 5,000 collectible vehicles for sale. More than 150,000 people annually attend the auction and the Auburn-Cord-Duesenberg Festival. It is the fourth largest spectator event in Indiana, behind only by the Indianapolis 500, the Brickyard 400 and the Indiana State Fair.

The entire auction will soon be posted on www.icollector.com for preview and will be broadcast on eBay Live Auctions.

About Ableauctions.com

Ableauctions.com is a high-tech auctioneer that conducts auctions live and simultaneously broadcasts them over the Internet. With the experience of 3,000 auctions, the Company has developed its own technology to broadcast auctions over the internet (www.ableauctions.com/technology) and currently provides the technology and related services to auctions houses. 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.