June 29, 2007
Beatles Las Vegas Collectible Auction to Include Original Nicholas Volpe Oil Portrait

Ableauctions.com (AMEX:AAC - News) announced today that it will host ItsOnlyRocknRoll.com's "Las Vegas Beatles Memorabilia Auction" on July 3, 2007, on eBay Live Auctions through its subsidiary iCollector.com. This event will feature over 400 lots of the most fabulous Beatles memorabilia for any collection.

Amongst the anticipated items that will be up for bid is the Beatles original pastel -- oil portraits by renowned portrait artist Nicholas Volpe. Known as the official portrait artist to the Oscars, Volpe created a collection of powerful images of Hollywood's finest actors including Clark Gable, Katherine Hepburn and Bette Davis. As a result of winning a Grammy for the cover he designed for the 1959 album "Frank Sinatra Sings For Only The Lonely," Volpe was commissioned by Hollywood's Brown Derby to paint nearly 200 of the nation's top recording artists for its Hall of Fame Record Room. His work on The Beatles portraits commenced during the group's first U.S. visit in February 1964; a second session taking place during The Beatles summer 1964 tour. Capitol Records marketed the poster prints adapted from the paintings soon after. The set of four, 20" x 24" pastel-oil paintings, each featuring two images, comes with an autographed photo of Volpe with the original paintings and a letter of authenticity from the son of Nicholas Volpe.

This auction will also showcase a 1964 Beatles Phonograph with original box. This is one of the most sought after Beatles items. This Beatles phonograph cost a steep $29.95 in the early 1960's, so not many were purchased at the time. The phonograph has four speeds (16, 33, 45 and 78 rpm) and a great inside cover picture of The Beatles. This also comes with the cardboard display box, which in itself has some great graphics on the front and back.

Also featured at this event will be a 1964 Beatles signed tour program. All four members of The Beatles have signed the inside right-hand page of this "Beatles (U.S.A.) Ltd." tour program on the inside right-hand photo above their respective images. This photo features a shot of the band on top of a wall wearing their winter coats, with John Lennon, Paul McCartney and Ringo Starr signing in blue ballpoint pen, while George Harrison has used a black ballpoint pen. These signatures were obtained while The Beatles were on their first full tour of the U.S., a tour which took place between the dates of August 19 and September 20, 1964. In another hand, someone has written the inscription "To our young friends in Prague from the Beatles"; 12" x 12"; Framed with cover detached.

ItsOnlyRocknRoll.com has been selling rock n roll collectibles, memorabilia, character and advertising toys and popular culture items since 1974. From 1975 to 1986 the auction house promoted a series of legendary rock music conventions, offering exclusive memorabilia through their rock relics memorabilia.

During the 1980's It's Only Rock n Roll owned and operated the It's Only Rock n Roll gift shoppe in New York City's Greenwich Village. They have produced three Rock on Video auctions, and published the It's Only Rock n Roll Catalog, from which many items were featured in national mail order catalogs such as Sony-Time Warner, Vroom, Doritos and on TV's QVC.

They currently supply and maintain a memorabilia for sale section in the Rock and Roll Hall of Fame Museum gift shop in Cleveland, Ohio.

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, Unlimited Closeouts.com and iTrustee.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 and iTrustee, 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

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