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  February 28,  2001

                        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 FEBRUARY 28, 2000

PART  I.  -  FINANCIAL  INFORMATION




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

                                FEBRUARY 28, 2001






                              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  Sheets                                           2

     Consolidated  Statements  of  Operations                                3

     Consolidated  Statement  of  Stockholders' Equity (Deficit)             4

     Consolidated  Statements  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 Hr Auction
Inc.  (a  development  stage  company)  as  of February 28, 2001 and the related
consolidated  statements  of operations, stockholders' equity (deficit) and cash
flows  for  the three and six months ended February 28, 2001, and for the period
from  September  21,  1999  (inception)  to  February 28, 2001.  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 accounting principles generally accepted in the United States of
America.

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

As  discussed in Note 2, the Company has been in the development stage since its
inception  on September 21, 1999.  The Company has no operating revenues and has
recurring  losses.  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

April  9,  2001







<PAGE>
                                24 HR AUCTION INC.
                          (A DEVELOPMENT STAGE COMPANY)
                           CONSOLIDATED BALANCE SHEETS

                                              February 28,        August 31,
                                                 2001                2000
                                              (Unaudited)
                                              ------------    ------------
ASSETS

CURRENT  ASSETS
  Cash                                        $       405     $     3,608
                                              ------------    ------------
     Total Current Assets                             405           3,608
                                              ------------    ------------
PROPERTY  PLANT  AND  EQUIPMENT
  Web site costs                                    3,007           3,007
  Computer equipment                                1,500           1,500
  Less: accumulated depreciation and
     amortization                                  (1,522)           (876)
                                              ------------    ------------
     Total Property, Plant and Equipment            2,985           3,631
                                              ------------    ------------
TOTAL ASSETS                                  $     3,390     $     7,239
                                              ============    ============

LIABILITIES  AND  STOCKHOLDERS'  EQUITY  (DEFICIT)

CURRENT  LIABILITIES
  Accounts payable                            $     4,640     $       472
  Related party payables                            3,000           2,750
                                              ------------    ------------
     Total Current Liabilities                      7,640           3,222
                                              ------------    ------------

COMMITMENTS AND CONTINGENCIES                         -               -
                                              ------------    ------------

STOCKHOLDERS'  EQUITY  (DEFICIT)
  Preferred stock, 20,000,000 shares
    authorized, $0.0001 par value;
     0 shares issued and outstanding                  -                -
  Common stock, 80,000,000 shares
    authorized, $0.0001 par value;
    3,660,000 shares issued and outstanding           366              366
  Additional paid-in capital                       19,134           19,134
  Deficit accumulated during
    development stage                             (23,750)         (15,483)
                                              ------------    ------------
     Total Stockholders' Equity (Deficit)          (4,250)          4,017
                                              ------------    ------------

TOTAL LIABILITIES AND
  STOCKHOLDERS' EQUITY (DEFICIT)              $     3,390     $    7,239
                                              ============    ============





See accompanying notes and accountant's review report.

<PAGE>
                                24 HR AUCTION INC.
                          (A DEVELOPMENT STAGE COMPANY)
                      CONSOLIDATED STATEMENTS OF OPERATIONS
<TABLE>
<CAPTION>
                                                                       For the        For the
                                                                        Period         Period
                                                                       Sept. 21,      Sept. 21,
                                                                          1999          1999
                              Three Months Ended         Six Months   (Inception)    (Inception)
                          ---------------------------       Ended        through        through
                          February 28,   February 29,   February 28,  February 29,   February 28,
                              2001          2000             2001          2000          2001
                           (Unaudited)                   (Unaudited)                  (Unaudited)
                          ------------   ------------   ------------   ------------   ------------
<S>                       <C>            <C>            <C>            <C>            <C>
REVENUES                  $       -      $       -      $       -      $       -      $       -
                          ------------   ------------   ------------   ------------   ------------

OPERATING  EXPENSES
Lease expense                     -              750            250          1,250          3,000
Filing and transfer
  agent fees                      181            362            353            362          1,881
Professional expense            5,500          6,500          5,500          6,500         13,750
Organizational expense            -            2,000            -            2,000          2,000
Web site maintenance              -              -              132            -              132
Depreciation                      321            222            646            222          1,522
General and administrative        651            -            1,386            -            1,386
Office supplies                   -                5            -               79             79
                          ------------   ------------   ------------   ------------   ------------
Total Operating Expenses        6,653          9,839          8,267         10,413         23,750
                          ------------   ------------   ------------   ------------   ------------
LOSS FROM OPERATIONS           (6,653)        (9,839)        (8,267)       (10,413)      (23,750)

INCOME TAXES                      -              -              -              -             -
                          ------------   ------------   ------------   ------------   ------------
NET  LOSS                 $    (6,653)   $    (9,839)   $    (8,267)   $   (10,413)   $   (23,750)
                          ============   ============   ============   ============   ============

NET LOSS PER COMMON SHARE,
  BASIC AND DILUTED       $        nil   $        nil   $       nil    $       nil    $     (0.01)
                          ============   ============   ============   ============   ============
WEIGHTED AVERAGE NUMBER
  OF COMMON SHARES
  OUTSTANDING, BASIC
  AND DILUTED               3,660,         3,660,000      3,660,000      3,660,000      3,660,000
                          ============   ============   ============   ============   ============
</TABLE>

















See accompanying notes and accountant's review report.

<PAGE>

                               24 HR AUCTION INC.
                          (A Development Stage Company)
                 CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

<TABLE>
<CAPTION>
                                                                         Deficit
                                 Common Stock                          Accumulated
                          ---------------------------                    During           Total
                             Number                     Additional     Development    Stockholders'
                           of Shares       Amount     Paid-in 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 ending
August 31, 2000                   -              -              -          (15,483)        (15,483)
                         ------------   ------------   ------------    ------------    ------------

Balance, August 31, 2000    3,660,000            366         19,134         (15,483)         4,017

Loss for the period
 ended Feb. 28, 2001                             -              -            (8,267)        (8,267)
                         ------------   ------------   ------------    ------------    ------------

Balance, Feb. 28, 2001
 (unaudited)                3,660,000   $        366   $     19,134    $    (23,750)   $    (4,250)
                         ============   ============   ============    ============    ============
</TABLE>





























See accompanying notes and accountant's review report.

<PAGE>
                               24 HR AUCTION INC.
                          (A Development Stage Company)
                      CONSOLIDATED STATEMENTS OF CASH FLOWS

<TABLE>
<CAPTION>
                                                         For the Period   For the Period
                                                         September 21,     September 21,
                                                             1999             1999
                                          Six Months     (Inception)       (Inception)
                                            Ended           through           through
                                         February 28,     February 29,     February 28,
                                            2000             2000              2001
                                         (Unaudited)                       (Unaudited)
                                         ------------     ------------     ------------
<S>                                      <C>              <C>              <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net loss                               $    (8,267)     $    (10,413)    $   (23,750)
  Depreciation                                   646               222           1,522
  Adjustments to reconcile net loss
  to cash used in operating activities:
    Increase in accounts payable               4,168             2,238           4,640
    Increase in related parties payable          250             1,250           3,000
                                         ------------     ------------     ------------
Net cash used in operating activities         (3,203)          (6,703)         (14,588)
                                         ------------     ------------     ------------

CASH FLOWS FROM INVESTING ACTIVITIES:
  Purchase of computer equipment                 -                -             (1,500)
  Purchase of web site                           -             (3,007)          (3,007)
                                         ------------     ------------     ------------
Net cash used in investing activities            -             (3,007)          (4,507)
                                         ------------     ------------     ------------

CASH FLOWS FROM FINANCING ACTIVITIES:
  Sale of common stock                           -             19,500           19,500
                                         ------------     ------------     ------------
Net cash provided by financing
  Activities                                     -             19,500           19,500
                                         ------------     ------------     ------------

Net increase in cash                          (3,203)           9,790              405

Cash, beginning of period                      3,608              -                -
                                         ------------     ------------     ------------

Cash, end of period                      $       405      $     9,790      $       405
                                         ============     ============     ============

SUPPLEMENTAL DISCLOSURES:
       Interest expense paid             $         --     $         --     $         --
                                         ============     ============     ============
       Income taxes paid                 $         --     $         --     $         --
                                         ============     ============     ============
</TABLE>





See accompanying notes and accountant's review report.

<PAGE>
                                24 HR AUCTION INC.
                          (A DEVELOPMENT STAGE COMPANY)
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FEBRUARY 28, 2001

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 February 28, 2001, the
Company's  principal  office  is  located  in  Bellingham,  Washington.

In  November  1999,  the  Company  formed a subsidiary, Bidmonkey.com., which 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 February 28,
2001  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 and for the period ended February 28,
2001,  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.

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.
<PAGE>
                                24 HR AUCTION INC.
                          (A DEVELOPMENT STAGE COMPANY)
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FEBRUARY 28, 2001

NOTE  2-SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES (Continued)

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 investments
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 $405 as of February 28, 2001.
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 February 28, 2001, 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  determines  impairment  by comparing the undiscounted future cash flows
estimated  to  be  generated by its assets to their respective carrying amounts.

The Company does not believe any adjustments are needed to the carrying value of
its  assets  at  February  28,  2001.

Revenue  Recognition
--------------------
Revenues  and  cost  of  revenues  are recognized when services and products are
furnished  or  delivered.  At  February  28,  2001, no revenues were realized or
recognized  by  the  Company  or  its  subsidiary.
<PAGE>
                                24 HR AUCTION INC.
                          (A DEVELOPMENT STAGE COMPANY)
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FEBRUARY 28, 2001

NOTE  2-SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES (Continued)

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
February  28,  2001,  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 during
its  fiscal  year  ended  August  31,  2000.

Income  Taxes
-------------
At  February  28,  2001,  the  Company had a net operating loss of approximately
$23,000  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
at  February  28,  2001.

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  $23,750  for  the  period  from  September  21, 1999 (inception) to
February  28,  2001.  The  Company,  being  a developmental stage enterprise, is
currently  putting  technology in place that will, if successful, 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.
<PAGE>
                                24 HR AUCTION INC.
                          (A DEVELOPMENT STAGE COMPANY)
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FEBRUARY 28, 2001

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  expense  for  the  six  months  ended  February 28, 2001 was $646.

NOTE  4  -  RELATED  PARTY  TRANSACTIONS

The Company is the lessor of office space and computers under an operating lease
for  $250  per  month.  The space and computers are leased from a related party.
This  lease  expired  in  September  2000.

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  Company's  board  of  directors  in  its  discretion,  from  funds  legally
available.  The  Company  has  not  authorized  any convertible stock, warrants,
options  or  dividends  as  of  February  28,  2001.
























<PAGE>
                              24 HOUR AUCTION, INC.
                                   FORM 10 QSB
                FOR THE QUARTERLY PERIOD ENDED FEBRUARY 28, 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:  April 13, 2001                Nazir Maherali
                                     President