LiveAuctioneers debuts independent online live-bidding platform

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NEW YORK, Dec. 22, 2008 (Globe Newswire) – LiveAuctioneers LLC (www.liveauctioneers.com) announced today the completion and launch of its independent online-bidding platform in advance of the
discontinuation of eBay’s (Nasdaq:EBAY) Live Auctions service on Dec. 31, 2008. Fully illustrated catalogs are currently available for preview and pre-sale bids are being accepted for auctions commencing Jan. 1, 2009.

As part of the platform launch, the company unveiled its industry leading, credit based fee structure, allowing auction house clients to customize their account according to auction size, frequency and sales volume.

The three-tiered system offers a choice between Gold, Platinum and Platinum Plus level service and support, as well as a sliding rate scale in each category providing discounted rates according to the number of individual auction credits purchased.

Working in conjunction with over 760 auction houses worldwide and utilizing a database of more than 3 million active buyers, LiveAuctioneers serves as a highly efficient, one-stop resource for both buyers and sellers. By accessing the site, bidders gain instant access to tens of thousands of pieces of fine art, antiques and collectibles at any given time via easy to navigate online auction catalogs and a user-friendly live bidding applet.

Rounding out the offering is LiveAuctioneers’ various news and informational resources, including its recent launch of Auction Central News, the foremost resource for news and specialist information within the global
antiques, fine art and auction sector; free access to over 5 million auction results illustrated by 60 million images, automated sales alerts, a weekly LiveAuctioneers e-newsletter, and more.

“For the past six years, we have worked tirelessly with our various clients in order to deliver products and services that maximize their live online sales experience while ensuring a rich and hassle-free environment for consumers to express their passion for fine art, antiques and collectibles,” said LiveAuctioneers’ CEO Julian Ellison. “To date, the response to the new auction platform has been extraordinary, and we do believe that January 1 will mark the beginning of a new era in the evolution and growth of the online auction marketplace.”

Visit LiveAuctioneers online at www.LiveAuctioneers.com.