Press Release

DOVEBID ANNOUNCES NEW CHIEF FINANCIAL OFFICER

John Belchers of Wine.com Assumes CFO Role

FOSTER CITY, CA (November 17, 2005) - DoveBid, Inc., a leading global provider of capital asset auction, valuation and managed services, today announced the appointment of John Belchers as Executive Vice President and Chief Financial Officer.

As DoveBid’s new Chief Financial Officer, Mr. Belchers brings vast experience with both private and public companies. He has led three initial public offerings and been actively involved in mergers & acquisitions activity. Prior to Wine.com where he was also CFO, Mr. Belchers was the Vice President and CFO of a number of public companies, including Gensym, FairMarket and Microprose. He also served in senior management roles at APL, as well as being a partner at KPMG. "I am excited by the prospect of working with this market leader in the capital asset management space and helping the new management team to realize the company's full potential," commented Mr. Belchers.

Brent Cohen, Chief Executive Officer, DoveBid, Inc., announced "An important aspect of our strategic plan is to improve our financial and operational efficiencies to support our growth plans. John will be instrumental in continuing to improve our financial performance as we continue executing on our recently announced strategic plan."

For a complete list of our upcoming auctions, equipment asset catalogs, and brochures, please visit DoveBid’s Website at www.dovebid.com.

About DoveBid®
DoveBid, Inc. is a global provider of capital asset auction and valuation services to large corporations and financial institutions. DoveBid delivers an integrated set of services to its customers for the disposition, valuation and redeployment of their surplus capital assets. DoveBid offers an array of auction services to meet its customers’ specific needs, including live Webcast auctions, on-site-only auctions, featured online auctions and privately negotiated sales. DoveBid Managed Services offers clients a hosted, Internet-based application to monitor surplus assets inside the corporation. DoveBid Valuation Services uses its database of transaction information to provide valuations of capital assets for financial institutions and large businesses.

Headquartered in Foster City, California, DoveBid has over 65 years of auction experience in the capital asset industry with more than 35 locations in 15 countries. More information on DoveBid can be found at www.dovebid.com or by contacting company headquarters at (800) 665-1042 or (650) 571-7400.

DoveBid and the DoveBid logo are registered trademarks of DoveBid, Inc.

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DoveBid Contact:
Josh Prince
Director, Corporate Development
DoveBid, Inc.
(650) 377-2604
jprince@dovebid.com