Ableauctions.com Inc. has announced today that it is actively seeking a strategic partner or a potential purchaser for its live auction broadcast service operations. These operations include the operations of iCollector.com Technologies Ltd., the Company’s wholly owned subsidiary, which broadcasts antique and collectible auctions over the Internet for numerous galleries and auction houses throughout the world, and the business and industrial auctions conducted over the Internet for auctioneers and members of the National Auctioneers Association (NAA). Management has decided to pursue this option as a result of eBay’s decision to wind down the operations of its eBay Live Auctions platform effective December 31, 2008. The sale, consolidation or merger of the Company’s live auction broadcast services may offer synergies and increasing returns to scale.

Posted: 08|22|08 at 1:03 pm. Filed under: Auction News.