<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
-----------------
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)(1)
GREG MANNING AUCTIONS, INC.
- -------------------------------------------------------------------------------
(Name of issuer)
COMMON STOCK, $.01 PAR VALUE
- -------------------------------------------------------------------------------
(Title of class of securities)
563823103
- -------------------------------------------------------------------------------
(CUSIP number)
BRUCE A. RICH, ESQ.
BECKER, GLYNN, MELAMED & MUFFLY LLP
299 Park Avenue
New York, New York 10171
(212) 888-3033
- -------------------------------------------------------------------------------
(Name, address and telephone number of person
authorized to receive notices and communications)
AUGUST 12, 1997
- -------------------------------------------------------------------------------
(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1 (b)(3) or (4), check the following
box |_|.
Note. Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom copies
are to be sent.
(Continued on following pages)
(Page 1 of 4 Pages)
- ---------------------
(1) The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
<PAGE>
- ------------------- -------------------
CUSIP No. 563823103 13D Page 2 of 4
- ------------------- -------------------
===============================================================================
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
AFINSA BIENES TANGIBLES S.A.
(No S.S. or I.R.S. Identification No.)
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) |_|
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
SPAIN
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 368,500
----------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 368,500
----------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
-0-
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
368,500
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.3%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
===============================================================================
SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ------------------- -------------------
CUSIP No. 563823103 13D Page 3 of 4
- ------------------- -------------------
This amendment amends a statement on Schedule 13D relating to
Shares of the Common Stock of Greg Manning Auctions, Inc. (the "Issuer") filed
with the Securities and Exchange Commission on August 4, 1997 (the "Schedule
13D"). This amendment reports the purchase of 77,500 Shares of Common Stock of
the Issuer by AFINSA Bienes Tangibles S.A., a corporation organized under the
laws of Spain ("AFINSA").
Unless otherwise indicated, the information set forth in
Schedule 13D remains unchanged and each capitalized term not defined herein
shall have the meaning assigned to such term in Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration.
The source of funds used in making the additional purchases
of Shares of Common Stock is working capital of AFINSA. The aggregate purchase
price of the 77,500 Shares of Common Stock purchased by AFINSA since the filing
of Schedule 13D funds is approximately $152,344.
Item 5. Interest in Securities of the Issuer.
(a) As of August 12, 1997, the aggregate number of Shares of
Common Stock beneficially owned by AFINSA is 368,500, representing
approximately 8.3% of the total number of Shares of Common Stock outstanding,
based on 4,419,997 Shares of Common Stock represented by the Issuer as
outstanding as of April 22, 1997 in the Issuer's Quarterly Report on Form
10-QSB for the period ended March 31, 1997.
(b) AFINSA has sole power to vote or direct the vote and to
dispose or direct the disposition of the Shares of the Issuer that are the
subject of this Schedule 13D.
(c) Information concerning transactions in respect of the
Common Stock effected by AFINSA in the past 60 days is set forth in Schedule B
hereto.
(d) Not applicable.
(e) Not applicable.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: August 18, 1997
AFINSA BIENES TANGIBLES S.A.
By: /s/ Ramon Egurbide Urigoitia
----------------------------
Ramon Egurbide Urigoitia
Sub-Director General
<PAGE>
- ------------------- -------------------
CUSIP No. 563823103 13D Page 4 of 4
- ------------------- -------------------
SCHEDULE B
TRANSACTIONS IN COMMON STOCK FROM 6/13/97 THROUGH 8/12/97
Date Quantity Price Transaction Type
---- -------- ----- ----------------
6/25/97 3,500 1.7118 Open Mkt. Purchase
6/26/97 11,500 1.9198 Open Mkt. Purchase
6/30/97 32,500 1.9783 Open Mkt. Purchase
7/1/97 2,000 1.9680 Open Mkt. Purchase
7/2/97 6,000 1.9680 Open Mkt. Purchase
7/3/97 4,500 1.9680 Open Mkt. Purchase
7/7/97 16,500 1.9680 Open Mkt. Purchase
7/8/97 12,000 2.0000 Open Mkt. Purchase
7/16/97 15,000 2.0262 Open Mkt. Purchase
7/17/97 10,000 2.0262 Open Mkt. Purchase
7/21/97 17,500 2.0000 Open Mkt. Purchase
7/24/97 25,000 2.0000 Open Mkt. Purchase
7/25/97 75,000 1.9646 Open Mkt. Purchase
7/29/97 30,000 1.9375 Open Mkt. Purchase
7/30/97 5,000 1.9375 Open Mkt. Purchase
7/31/97 25,000 1.9062 Open Mkt. Purchase
8/5/97 35,000 1.9375 Open Mkt. Purchase
8/6/97 7,500 1.9375 Open Mkt. Purchase
8/12/97 35,000 2.0000 Open Mkt. Purchase
Each of the above transactions was effected by Banco Santander on behalf of
AFINSA.
