UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC  20549

                                    FORM 10-QSB

               QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

               For  the  quarterly  period  ended  May  31,  2000

                        Commission file number: 000-31017

                             24 HOUR AUCTION, INC.
          (Exact  name  of  registrant  as  specified  in  its  charter)

               Delaware                                         91-1780705
(State or other jurisdiction  of incorporation              (I.R.S. Employer
or organization)                                             Identification No.)

              2009 Iron Street
              Bellingham WA                                           98225
(Address  of  principal  executive  offices)                       (Zip  Code)

                                  (360) 647-3170
               (Issuer's  telephone  number,  including  area  code)

Check  whether  the issuer (1) filed all reports required to be filed by Section
13  or  15(d) of the Exchange Act during the past 12 months (or for such shorter
period  that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for at least the past 90 days.

Yes (X) No ( )

State the number of shares outstanding of each of the issuer's classes of common
equity,  as  of  the  latest  practicable  date: 3,660,000

Transitional  Small  Business  Disclosure  Format  (check  one);
Yes  (  )    No   (X)








<PAGE>  1



                                TABLE OF CONTENTS



                                     PART I

                                                                           PAGE
                                                                           ----

ITEM  1   Financial Information                                              3

ITEM  2   Management's Discussion and Analysis of Financial  Condition
          and  Results  of  Operations                                       13

                                     PART II

ITEM  1     Legal  Proceedings                                               13

ITEM  2     Changes  in Securities                                           13

ITEM  3     Defaults  Upon Senior Securities                                 13

ITEM  4     Submission  of  Matters  to  a  Vote  of  Security  Holders      13

ITEM  5     Other  Information                                               13

ITEM  6     Exhibits and Reports on Form 8-K                                 13


Signatures                                                                   13





























<PAGE>  2
                            24 HOUR AUCTION, INC.
                                   FORM 10 QSB
                FOR THE QUARTERLY PERIOD ENDED NOVEMBER 30, 2000

PART  I.  -  FINANCIAL  INFORMATION





                               24 HR AUCTION INC.
                          (A DEVELOPMENT STAGE COMPANY)
                        CONSOLIDATED FINANCIAL STATEMENTS

                                  MAY 31, 2000


                              WILLIAMS & WEBSTER PS
                          CERTIFIED PUBLIC ACCOUNTANTS
                        BANK OF AMERICA FINANCIAL CENTER
                           W 601 RIVERSIDE, SUITE 1940
                                SPOKANE, WA 99201
                                 (509) 838-5111


                               24 HR AUCTION INC.
                          (A DEVELOPMENT STAGE COMPANY)

                                TABLE OF CONTENTS



ACCOUNTANT'S  REVIEW  REPORT                              1


FINANCIAL  STATEMENTS

     Consolidated  Balance  Sheet                                   2

     Consolidated  Statement  of  Operations                        3

     Consolidated  Statement  of  Stockholders'  Equity             4

     Consolidated  Statement  of  Cash  Flows                       5


NOTES  TO  THE  CONSOLIDATED  FINANCIAL  STATEMENTS                 6















<PAGE>


To  the  Board  of  Directors
24  Hr  Auction  Inc.
Bellingham,  Washington


                           ACCOUNTANT'S REVIEW REPORT
                           --------------------------


We  have reviewed the accompanying consolidated balance sheet of 24 Hour Auction
Inc.  (a  development  stage  company)  as  of  May  31,  2000  and  the related
consolidated  statements  of operations, stockholders' equity and cash flows for
the period from September 21, 1999 (inception) to May 31, 2000.  These financial
statements  are  the  responsibility  of  the  Company's  management.

We conducted our review in accordance with standards established by the American
Institute  of  Certified  Public  Accountants.  A  review  of  interim financial
information  consists principally of applying analytical procedures to financial
data  and  making  inquiries of persons responsible for financial and accounting
matters.  It  is  substantially  less  in scope than an audit in accordance with
auditing  standards  generally  accepted  in  the  United States of America, the
objective  of  which  is  the  expression  of an opinion regarding the financial
statements  taken  as  a whole.  Accordingly, we do not express such an opinion.

Based  on our review, we are not aware of any material modifications that should
be  made  to  the  accompanying  financial statements in order for them to be in
conformity  with  generally  accepted  accounting  principles.

The  financial statements for the period ended February 29, 2000 were audited by
us  and  we expressed an unqualified opinion on them in our report dated May 31,
2000.  In  addition,  the  subsequent  financial statements for the period ended
August  31,  2000  were audited by us and we expressed an unqualified opinion on
them  in  our  report  dated  November  21,  2000, but we have not performed any
auditing  procedures  since  that  date.

As  discussed in Note 2, the Company has been in the development stage since its
inception  on  September 21, 1999.  Realization of a major portion of the assets
is  dependent  upon  the  Company's   ability  to  meet  its   future  financing
requirements,  and  the  success  of  future  operations.  These  factors  raise
substantial  doubt  about  the Company's ability to continue as a going concern.
Management's  plans  regarding  those  matters  are  described  in  Note 2.  The
financial  statements  do not include any adjustments that might result from the
outcome  of  this  uncertainty.

/s/ Williams & Webster, P.S.

Williams  &  Webster,  P.S.
Certified  Public  Accountants
Spokane,  Washington

February  2,  2001









<PAGE>
                               24 HR AUCTION INC.
                          (A DEVELOPMENT STAGE COMPANY)
                           CONSOLIDATED BALANCE SHEET
                                  MAY 31, 2000


ASSETS

CURRENT  ASSETS
  Cash                                                        $        6,014
                                                              ---------------
         Total Current Assets                                          6,014
                                                              ---------------

PROPERTY  PLANT  AND  EQUIPMENT
  Web site costs                                                       3,007
  Computer equipment                                                   1,500
  Less:  accumulated depreciation and amortization                      (549)
                                                              ---------------
         Total Property, Plant and Equipment                           3,958
                                                              ---------------

         TOTAL ASSETS                                         $        9,972
                                                              ===============

LIABILITIES  &  STOCKHOLDERS'  EQUITY

CURRENT  LIABILITIES
  Accounts payable                                            $        3,259
  Related party payables                                               2,000
                                                              ---------------
                 Total Current Liabilities                             5,259
                                                              ---------------

COMMITMENTS AND CONTINGENCIES                                            -

STOCKHOLDERS'  EQUITY
  Preferred  stock,  20,000,000  shares  authorized,
    $.0001 par value; 0 shares issued and outstanding                    -
  Common  stock,  80,000,000  shares  authorized,
    $.0001  par  value;  3,660,000  shares
    issued and outstanding                                               366
  Additional paid-in capital                                          19,134
  Deficit accumulated during development stage                       (14,787)
                                                              ---------------
  Total Stockholders' Equity                                           4,713
                                                              ---------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                    $        9,972
                                                              ===============










See accountant's review report and accompanying notes.

<PAGE>
                               24 HR AUCTION INC.
                          (A DEVELOPMENT STAGE COMPANY)
                      CONSOLIDATED STATEMENT OF OPERATIONS
       FOR THE PERIOD FROM SEPTEMBER 21, 1999 (INCEPTION) TO MAY 31, 2000



REVENUES                                                     $           -
                                                              ---------------


OPERATING  EXPENSES
  Rent                                                                 2,000
  Fees                                                                   409
  Professional fees                                                    9,750
  Organizational expense                                               2,000
  Depreciation and amortization                                          549
  Office supplies                                                         79
                                                              ---------------
     Total Operating Expenses                                         14,787
                                                              ---------------

LOSS FROM OPERATIONS                                                 (14,787)

INCOME TAXES                                                             -
                                                              ---------------

NET LOSS                                                      $       (14,787)
                                                              ================

NET  LOSS  PER  COMMON  SHARE, BASIC AND DILUTED              $           nil
                                                              ================

WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING,
  BASIC AND DILUTED                                                 3,660,000
                                                              ================
























See accountant's review report and accompanying notes.

<PAGE>
                               24 HR AUCTION INC.
                          (A DEVELOPMENT STAGE COMPANY)
                 CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

<TABLE>
<CAPTION>
                                                                Deficit
                            Common Stock                      Accumulated
                      --------------------------  Additional    During         Total
                        Number                    Paid-in     Development   Stockholders'
                       of Shares       Amount     Capital        Stage         Equity
                      ------------  ------------  ----------  ------------  -------------
<S>                   <C>           <C>           <C>         <C>           <C>

Issuance of common
  stock in September
  1999 for cash at
  an average of
  $.005 per share        3,660,000  $       366   $  19,134   $       -     $    19,500

Loss for period
  ended May 31, 2000           -            -           -         (14,787)       (14,787)
                      ------------  ------------  ----------  ------------  -------------
Balance,
  May 31, 2000
  (unaudited)            3,660,000  $       366   $  19,134   $   (14,787)  $      4,713
                      ============  ============  ==========  ============  =============
</TABLE>
































See accountant's review report and accompanying notes.

<PAGE>
                               24 HR AUCTION INC.
                          (A DEVELOPMENT STAGE COMPANY)
                       CONSOLIDATED STATEMENT OF CASH FLOWS
       FOR THE PERIOD FROM SEPTEMBER 21, 1999 (INCEPTION) TO MAY 31, 2000


Cash  flows  from  operating  activities:
  Net loss                                                     $       (14,787)
Adjustment to reconcile net loss to net cash
  used  in  operating  activities:
    Depreciation                                                           549
  Increase in accounts payable                                           3,259
  Increase in related parties payable                                    2,000
                                                               ----------------
Net cash used in operating activities                                   (8,979)
                                                               ----------------

Cash  flows  from  investing  activities:
  Purchase of property, plant and equipment                             (4,507)
                                                               ----------------
Net cash used in investing activities                                   (4,507)
                                                               ----------------

Cash  flows  from  financing  activities:
Cash received from sale of common stock                                 19,500
                                                               ----------------
Net cash provided by financing activities                               19,500
                                                               ----------------

Net increase in cash                                                     6,014

Cash, beginning of period                                                  -
                                                               ----------------

Cash, end of period                                            $         6,014
                                                               ================

SUPPLEMENTAL  CASH  FLOW  DISCLOSURES:
      Interest expense paid                                    $           -
                                                               ================
          Income taxes paid                                    $           -
                                                               ================


















See accountant's review report and accompanying notes.

<PAGE>
                                24 HR AUCTION INC.
                          (A DEVELOPMENT STAGE COMPANY)
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                  MAY 31, 2000

NOTE  1  -  ORGANIZATION  AND  DESCRIPTION  OF  BUSINESS

24  Hr  Auction Inc. (herein after "the Company") was incorporated in September,
1999  under  the  laws  of  the  State  of Delaware primarily for the purpose of
auctioning  goods  and  services  via  the  internet.  As  of  May 31, 2000, the
Company's  principal  office  is  located  in  Bellingham,  Washington.

In  November  1999,  the  Company  formed  its  subsidiary,  Bidmonkey.com.
Bidmonkey.com  is expected to auction goods and services that are geographically
targeted.  24  Hr  Auction  Inc. and Bidmonkey.com were in the development stage
and  at  May  31,  2000  had  not realized any significant revenues from planned
operations.

The  Company  serves  as a holding company for its subsidiary's operations.  The
subsidiary is not considered a franchise although the Company plans to franchise
its  subsidiary's  operations.  References  herein  to  the  Company include the
Company  and  it  subsidiary,  unless  the  context  otherwise  requires.

The  Company's  fiscal  year  end  is  August  31.

NOTE  2-SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

This  summary  of  significant  accounting  policies  is  presented to assist in
understanding  the Company's financial statements.  The financial statements and
notes  are representations of the Company's management, which is responsible for
their  integrity   and  objectivity.   These  accounting   policies  conform  to
accounting  principles  generally  accepted  in the United States of America and
have  been  consistently applied in the preparation of the financial statements.

Accounting  Method
------------------
The  Company's  financial  statements  are  prepared using the accrual method of
accounting.

Interim  Financial  Statements
------------------------------
The interim financial statements as of May 31, 2000 and for the period ended May
31,  2000,  included  herein,  have been prepared for the Company without audit.
They reflect all adjustments, which are, in the opinion of management, necessary
to  present  fairly  the  results  of  operations  for  these periods.  All such
adjustments are normal recurring adjustments.  The results of operations for the
periods  presented  are not necessarily indicative of the results to be expected
for  the  full  fiscal  year.

Use  of  Estimates
------------------
The  process  of  preparing  financial  statements in conformity with accounting
principles  generally  accepted in the United States of America requires the use
of  estimates  and  assumptions  regarding certain types of assets, liabilities,
revenues,   and  expenses.   Such   estimates   primarily  relate  to  unsettled
transactions   and  events  as  of  the  date   of  the  financial   statements.
Accordingly, upon settlement, actual results may differ from estimated amounts.





<PAGE>
                                24 HR AUCTION INC.
                          (A DEVELOPMENT STAGE COMPANY)
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                  MAY 31, 2000

NOTE  2-SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)

Development  Stage  Activities
------------------------------
The  Company  has been in the development stage since its formation on September
21,  1999.  It  is  primarily  engaged  in auctioning goods and services via the
internet.

Principles  of  Consolidation
-----------------------------
The  consolidated  financial  statements include the accounts of the Company and
its  subsidiary.  All  significant  intercompany  transactions and balances have
been  eliminated  in  consolidation.

Cash  and  Cash  Equivalents
----------------------------
For  purposes  of  the  Statement  of  Cash  Flows,  the  Company  considers all
short-term  debt  securities purchased with an original maturity of three months
or  less  to  be  cash  equivalents.

Fair  Value  of  Financial  Instruments
---------------------------------------
The  carrying  amounts  for  cash  and  payables  approximate  their fair value.

Concentration  of  Risk
-----------------------
The  Company  maintains  its  cash accounts in one commercial bank in Vancouver,
British  Columbia,  Canada.  The  Company's  cash account is a business checking
account  maintained  in  U.S.  dollars, which totaled $6,014 as of May 31, 2000.
This  account  is  not  insured.

Derivative  Instruments
-----------------------
In  June  1998,  the  Financial  Accounting  Standards Board issued Statement of
Financial  Accounting  Standards  ("SFAS")  No.  133, "Accounting for Derivative
Instruments  and  Hedging Activities."  This standard establishes accounting and
reporting  standards  for  derivative  instruments, including certain derivative
instruments  embedded  in  other  contracts,  and  for  hedging  activities.  It
requires  that  an  entity  recognize  all  derivatives  as  either  assets  or
liabilities  in  the consolidated balance sheet and measure those instruments at
fair  value.

At  May  31, 2000, the Company has not engaged in any transactions that would be
considered  derivative  instruments  or  hedging  activities.

Impaired  Asset  Policy
-----------------------
In  March  1995,  the Financial Accounting Standards Board issued statement SFAS
No.  121  titled  "Accounting for Impairment of Long-lived Assets." In complying
with  this  standard,  the  Company  reviews  its long-lived assets quarterly to
determine  if  any  events  or  changes  in  circumstances have transpired which
indicate  that  the  carrying  value  of its assets may not be recoverable.  The
Company does not believe any adjustments are needed to the carrying value of its
assets  at  May  31,  2000.



<PAGE>
                                24 HR AUCTION INC.
                          (A DEVELOPMENT STAGE COMPANY)
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                  MAY 31, 2000

NOTE  2-SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)

Revenue  Recognition
--------------------
Revenues  and  cost  of  revenues  are recognized when services and products are
furnished  or  delivered.  At  May  31,  2000,  no  revenues  were  realized  or
recognized  by  the  Company  or  its  subsidiary.

Franchise  Revenue
------------------
Revenue  from  sales  of  individual  franchises  will  be recognized, net of an
allowance for uncollectible amounts, when substantially all significant services
to be provided by the Company have been performed.  For the period ended May 31,
2000,  the  Company  did  not  realize  or recognize any revenues from franchise
activities.

Compensated  Absences
---------------------
As  the  Company is still in the development stage, it currently does not have a
policy  regarding  accruals  of  compensated  absences.  The  Company intends to
expense  these  costs  as  incurred.

Organization  Expenses
----------------------
The  Company  has  recognized and expensed $2,000 in organizational expenses for
the  period  ended  May  31,  2000.

Income  Taxes
-------------
At  May  31, 2000, the Company had a net operating loss of approximately $14,000
since  its  inception  in September 1999.  No provision for taxes or tax benefit
has  been  reported  in  the  financial statements, as there is not a measurable
means  of  assessing  future  profits  or  losses.

Basic  and  Diluted  Loss  Per  Share
-------------------------------------
Net loss per share was computed by dividing the net loss by the weighted average
number  of shares outstanding during the period.  The weighted average number of
shares  was  calculated by taking the number of shares outstanding and weighting
them  by  the amount of time that they were outstanding.  Basic and diluted loss
per  share were the same, as there were no common stock equivalents outstanding.

Going  Concern
--------------
The  accompanying  financial  statements  have  been  prepared assuming that the
Company  will  continue  as  a  going  concern.

As  shown in the accompanying financial statements, the Company has generated no
revenues  since  inception.  The  Company  recorded  a  loss  and an accumulated
deficit of $14,787 for the period from September 21, 1999 (inception) to May 31,
2000.  The Company, being a developmental stage enterprise, is currently putting
technology  in  place  which  will,  if  successful,





<PAGE>
                                24 HR AUCTION INC.
                          (A DEVELOPMENT STAGE COMPANY)
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                  MAY 31, 2000

NOTE  2-SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)

Going  Concern  (continued)
---------------------------
mitigate these factors which raise substantial doubt about the Company's ability
to  continue  as  a  going concern.  The financial statements do not include any
adjustments  relating  to  the  recoverability  and  classification  of recorded
assets, or the amounts and classification of liabilities that might be necessary
in  the  event  the  Company  cannot  continue  in  existence.

Management has established plans designed to increase the sales of the Company's
products  and  services.  Management intends to seek new capital from new equity
securities  issuances that will provide funds needed to increase liquidity, fund
internal  growth  and  fully  implement  its  business  plan.


NOTE  3  -  PROPERTY  AND  EQUIPMENT

The  Company has capitalized the costs to build its web site and is depreciating
those  costs  over three years using the straight-line method.  In addition, the
Company  purchased  computer equipment which will be depreciated over five years
using  the  straight-line  method.  In  the future the Company will review those
assets  for  impairment  on  a   quarterly  basis  by  comparing  the  estimated
undiscounted  future  cash  flows  to  their  respective  carrying  amounts.

Depreciation  and  amortization  expense  for  the period ended May 31, 2000 was
$549.

NOTE  4  -  RELATED  PARTY  TRANSACTIONS

The  Company  is a lessee of office space and computers under an operating lease
for  $250  per  month  expiring  in September 2000.  The space and computers are
leased  from  a  related  party.   At  May  31, 2000, $2,000 in rent expense was
unpaid  and  accrued  as  related  party  payable.

NOTE  5-COMMON  AND  PREFERRED  STOCK

Upon  incorporation, the Company authorized the issuance of 20,000,000 shares of
preferred  stock  at  a  par  value  of $0.0001 per share, of which there are no
shares  outstanding.   The  preferred   shares  have  not  been  designated  any
preferences.

Upon  incorporation, the Company authorized the issuance of 80,000,000 shares of
common  stock at a par value of $0.0001 per share, of which 3,660,000 shares are
outstanding under Regulation D, Rule 504.  Holders of shares of common stock are
entitled  to  one  vote  for  each  share  on  all matters to be voted on by the
stockholders, but have no cumulative voting rights.  Holders of shares of common
stock  are entitled to share ratably in dividends, if any, as may be declared by
the  board  of  directors  in its discretion, from funds legally available.  The
Company has not authorized any convertible stock, warrants, options or dividends
as  of  May  31,  2000.






<PAGE>
                              24 HOUR AUCTION, INC.
                                   FORM 10 QSB
                FOR THE QUARTERLY PERIOD ENDED NOVEMBER 30, 2000

ITEM  2   Management's Discussion and Analysis of Financial  Condition
          and  Results  of  Operations

Management has been exploring a variety of revenue models in the light of recent
events in the internet environment."

The company is a developmental  stage company.  There are no appreciable changes
to its financial  condition or its operations except as  outlined  in the review
for the period ended 11/30/2000.

PART  II.  -  OTHER  INFORMATION


Item 1.  Legal Proceedings.

         None

Item 2.  Changes in Securities.

         None

Item 3.  Defaults upon Senior Securities.

         None

Item 4.  Submission of Matters to a Vote of Security Holders.

         None

Item 5.  Other information.

         None.

Item 6.  Exhibits and Reports on Form 8-K.

         None.


                                   SIGNATURES

In  accordance with  Section  13  or  15(d) of the Exchange Act, the Registrant
caused this report to be signed on its behalf by the undersigned thereunto duly
authorized.

24 HOUR AUCTION, INC.

                                     /s/ Nazir Maherali
                                     ___________________________
Date:  March 14, 2001                Nazir Maherali
                                     President