FIFE, Wash.--July 22, 2004--Ableauctions.com Inc. (AMEX:AAC) (the "Company") announced today the results from its recent auction facilitated by wholly-owned subsidiary iCollector in conjunction with eBay live auctions.

The Locust Street Paperweights Auction held by L.H. Selman Auction Gallery (the "Client") on July 17, 2004, sold a total of 212 items to the Internet, which represents approximately 70% of the total lots offered. The entire auction is expected to have grossed over $50,000 in online revenue and marks the 4th successful online auction event of the Santa Cruz-based glass gallery and auction house.

Selling mostly collectible paperweights and glass art, the L.H. Selman Auction Gallery operates several galleries in the state of California and has worked closely with iCollector in broadcasting auctions over the Internet. For more information on the L.H. Selman Auction Gallery, visit www.theglassgallery.com.

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 over 3,000 auctions, the Company has developed state-of-the-art technology to broadcast Internet auctions (www.ableauctions.com/technology) and currently provides technology and related services to auction houses, enabling them to broadcast auctions over the Internet. For a comprehensive Corporate Update and prior releases, visit www.ableauctions.com. For more information, contact Investor Relations at investorrelations@ableauctions.com.

About iCollector.com

iCollector.com is a wholly owned subsidiary of Ableauctions and is the independent connection to the world's auction houses. It was the first company dedicated to trading antiques, fine art and premium collectibles on the Internet and today represents some of the world's leading auction houses. Since January 2001, it has broadcast hundreds of live auctions in real-time on eBay Live Auctions, directly from the salesroom as the auction happens. iCollector can help you find, buy or sell art, antiques and collectibles online.