-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 LC65NK0Tacu6NtJbE3IdYgVAVX93eVoBFgg852sZmhcJzMS59CaYJrmVuMEe3RHR
 qLwvTFjWu+FgLoiYJEg1bw==

<SEC-DOCUMENT>0000922423-05-000405.txt : 20050228
<SEC-HEADER>0000922423-05-000405.hdr.sgml : 20050228
<ACCEPTANCE-DATETIME>20050228163604
ACCESSION NUMBER:		0000922423-05-000405
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050223
FILED AS OF DATE:		20050228
DATE AS OF CHANGE:		20050228

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GREG MANNING AUCTIONS INC
		CENTRAL INDEX KEY:			0000895516
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				222365834
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0630

	BUSINESS ADDRESS:	
		STREET 1:		775 PASSAIC AVE
		CITY:			WEST CALDWELL
		STATE:			NJ
		ZIP:			07006
		BUSINESS PHONE:		9738820004

	MAIL ADDRESS:	
		STREET 1:		775 PASSAIC AVE
		CITY:			WEST CALDWELL
		STATE:			NJ
		ZIP:			07006

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			AFINSA BIENES TANGIBLES S A
		CENTRAL INDEX KEY:			0001043381
		STATE OF INCORPORATION:			U3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11988
		FILM NUMBER:		05646051

	BUSINESS ADDRESS:	
		STREET 1:		LAGASCA 88
		STREET 2:		MADRID 28001
		CITY:			SPAIN
		BUSINESS PHONE:		3415767874

	MAIL ADDRESS:	
		STREET 1:		LAGASCA 88
		STREET 2:		MADRID 28001
		CITY:			SPAIN
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>kl02126_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2005-02-23</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000895516</issuerCik>
        <issuerName>GREG MANNING AUCTIONS INC</issuerName>
        <issuerTradingSymbol>GMAI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001043381</rptOwnerCik>
            <rptOwnerName>AFINSA BIENES TANGIBLES S A</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1></rptOwnerStreet1>
            <rptOwnerStreet2>CALLE GENOVA, 26</rptOwnerStreet2>
            <rptOwnerCity>MADRID,</rptOwnerCity>
            <rptOwnerState>U3</rptOwnerState>
            <rptOwnerZipCode></rptOwnerZipCode>
            <rptOwnerStateDescription>SPAIN</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $.01 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2005-02-23</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>146</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>11.51</value>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>18906535</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F3"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Purchased in a private transaction.</footnote>
        <footnote id="F2">Based on a weighted average price per share of $11.92 for 90 shares and $10.84 for 56 shares.</footnote>
        <footnote id="F3">After the reported transaction, Afinsa beneficially owns 18,906,681 shares of GMAI's common stock, including 409,295 shares
held directly and 18,497,386 shares held through its wholly-owned subsidiary, Auctentia, S.L. (&quot;Auctentia&quot;). Auctentia
beneficially owns 18,497,386 shares of GMAI's common stock, including 126,833 shares purchasable upon the exercise of
warrants held by Auctentia.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Joaquin Abajo, Afinsa Bienes Tangibles, S.A.</signatureName>
        <signatureDate>2005-02-23</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----