Greg Manning Auctions to Report Third Quarter Earnings On May 13, 2005

Greg Manning Auctions, Inc. (Nasdaq: GMAI) today
announced it plans to report financial results for the third quarter
ended March 31, 2005 on Friday, May 13, 2005 before the open of market
trading.
   Greg Manning, First Vice Chairman, President and Chief Executive
Officer, and Larry Crawford, Chief Financial Officer, will host a
conference call at 10:00 a.m. ET on Friday, May 13, 2005 to discuss
financial results, business developments and outlook.
   A live webcast of the conference call will be available online at
www.gregmanning.com. Participants are encouraged to go to the Web site
at least 15 minutes prior to the start of the call to register,
download, and install any necessary audio software. Those without web
access should access the call telephonically at least ten minutes
prior to the conference call. The dial-in numbers are 800-291-9234 for
domestic callers and 617-614-3923 for international callers. The
participant pass-code for both is 82007889.
   After the live webcast, the call will remain available on Greg
Manning's Web site, www.gregmanning.com, for 30 days. In addition, a
telephonic replay of the call will be available through May 20, 2005.
The replay dial-in numbers are 888-286-8010 for domestic callers and
617-801-6888 for international callers. The pass-code is 84761645.

   About Greg Manning Auctions, Inc.

   Greg Manning Auctions, Inc. is a global collectibles merchant and
auction house network, with operations in North America, Europe and
Asia and on the Internet. This network was created in September 2003
when GMAI and Auctentia, S.L. effectively integrated their auction
businesses, creating a GMAI-AUCTENTIA global collectibles auction
network.
   In North America, GMAI is a leading traditional and e-commerce -
Internet, interactive telephone, and Internet and live simulcast -
auctioneer and merchant/dealer of collectibles. Coins, stamps and
sports cards are offered at www.gregmanning.com and www.teletrade.com.
Its operations include the Greg Manning Auctions division, Ivy &
Manning Philatelic Auctions, H.R. Harmer of New York, Greg Manning
Galleries, Spectrum Numismatics, Teletrade, Nutmeg Stamp Sales,
Superior Sports Auctions, Bowers & Merena Galleries and Kingswood Coin
Auctions.
   In Europe, the leading auction houses affiliated with the network
are Auctentia Subastas of Madrid, Spain (operating under the name
"Afinsa Auctions"); Corinphila Auktionen of Zurich, Switzerland (65%
owned by GMAI); and the Koehler group of auction companies of Berlin
(66.67% owned by GMAI) and Wiesbaden, Germany.
   GMAI also owns GMAI Auctentia Central de Compras (CdC) of Madrid,
Spain, which is engaged in the sale, marketing and production of owned
and third-party collectibles, with an emphasis on specialized
philatelic material.
   Both GMAI and CdC currently act as exclusive supplier of
collectibles - primarily stamps and coins - on a worldwide basis to
Afinsa Bienes Tangible, S.A. of Madrid, Spain, one of the world
leaders in marketing tangible investment products, and GMAI's majority
shareholder.

   Statements in this press release that relate to future plans,
objectives, expectations, performance, events and the like are
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995 and the Securities Exchange
Act of 1934. Future events, risks and uncertainties, individually or
in the aggregate, could cause actual results to differ materially from
those expressed or implied in these statements. Factors that may cause
such differences include changes in market conditions, changes in
economic environment, competitive factors and the other factors
discussed in the "forward-looking information" or "risk factors"
sections included in GMAI's filings with the Securities and Exchange
Commission, including GMAI's Annual Report on Form 10-K, Quarterly
Reports on Form 10-Q, prospectuses and other documents that GMAI has
filed with the Commission.

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