(THIS SPACE LEFT INTENTIONALLY BLANK)




























<PAGE>




                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                 FORM 10-KSB

[x]  ANNUAL  REPORT  PURSUANT  TO  SECTION  13  OR  15(d)  OF  THE  SECURITIES
                              EXCHANGE ACT OF 1934

     For  the  fiscal  year  ended  August 31,  2000

[  ]  TRANSITION  REPORT  UNDER  SECTION  13  OR  15(d)  OF  THE  SECURITIES
                              EXCHANGE ACT OF 1934

                              24 HOUR AUCTION, INC.

                 (Name of small business issuer in its Charter)

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

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

                     Issuer's telephone number: (360) 647-3170

Securities  registered  under  Section  12(b)  of  the  Exchange  Act:

                                      NONE

Securities  registered  under  Section  12(g)  of  the  Exchange  Act:

                    COMMON STOCK, PAR VALUE $.0001 PER SHARE
                                 (Title of Class)

     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 the past 90 days. Yes  X     No

     Check  if  there  is no disclosure of delinquent filers in response to Item
405  of  Regulation S-B is not contained in this form, and no disclosure will be
contained,  to  the  best  of  registrant's  knowledge,  in  definitive proxy or
information statements incorporated by reference in Part III of this Form 10-KSB
or  any  amendment  to  this  Form  10-KSB.  [X]

State  issuer's  revenues  for  its  most  recent  fiscal  year.       $    0.00

State  the  aggregate  market  value  of the voting and non-voting common equity
held  by  non-affiliates  computed  by  reference  to  the  price  at  which the
common  equity  was  sold,  or  the  average  bid and asked price of such common
equity,   as  of  a   specified  date  within  60  days.   (See   definition  of
affiliate   in   Rule  12b-2  of   the  Exchange  Act.)   [Amended  in   release
No. 33-7419 (85,938), effective June  13,  1997,  62  F.R.  26387.]    $    0.00



<PAGE> 1
                               24 HOUR AUCTION, INC.
                                   FORM 10KSB
                        For the year ended August 31, 2000





                                      INDEX
                                      -----


     PART  I                                                               PAGE

ITEM  1.     DESCRIPTION  OF  BUSINESS                                       3
ITEM  2.     DESCRIPTION  OF  PROPERTY                                       7
ITEM  3.     LEGAL  PROCEEDINGS                                              7
ITEM  4.     SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS     7

     PART  II

ITEM  5.     MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED
             STOCKHOLDER MATTERS                                             7

ITEM  6.     MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
             AND  RESULTS  OF  OPERATION                                     8

ITEM  7.     FINANCIAL  STATEMENTS                                           8

ITEM  8.     CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING
             AND  FINANCIAL  DISCLOSURE                                      20


     PART  III


ITEM  9.     DIRECTORS  AND  EXECUTIVE  OFFICERS  OF  THE  REGISTRANT       20

ITEM  10.     EXECUTIVE  COMPENSATION                                       21

ITEM  11.     SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
              AND MANAGEMENT                                                21

ITEM  12.     CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS            22

     PART  IV


ITEM  13.     EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS
              ON FORM 8-K                                                   22

     SIGNATURES                                                             22











<PAGE> 2
                               24 HOUR AUCTION, INC.
                                   FORM 10KSB
                        For the year ended August 31, 2000

                           FORWARD LOOKING STATEMENTS

This  document includes forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act
of 1934.  These statements are based on the Company's current expectations as to
future  events.  In  the light of the uncertainties in the potential markets for
the  Company's  planned  products,  the forward-looking events and circumstances
discussed  in  this  document  might  not  occur and actual results could differ
materially  from those anticipated or implied in the forward-looking statements.

                                     PART I

ITEM  1.     DESCRIPTION  OF  BUSINESS

GENERAL

         The  Company  is  filing  this  Form 10KSB  as part of  the process  of
voluntarily  becoming  a  reporting  company.  The Company  will file  voluntary
reports if its obligation  to  file  reports is terminated  under the Securities
Exchange Act of  1934.

BUSINESS DEVELOPMENT

         24  Hour  Auction,  Inc.  was  incorporated in the State of Delaware on
September  21,  1999.  The Company has generated no revenue at this time.

         The  Company  operates  under the name "Bidmonkey.com." The Company has
reserved  the  name  and  is  in  the  process  of  building  the  web  site  of
bidmonkey.com.  Mr.  Maherali,  the  President  of  the  Company, is a full time
employee  of Apus Capital Corporation, though he has been spending approximately
25  hours  per  week  on  the  development  of the Company. When the web site is
completed  he  will  devote  more  time  to  the business of the Company, and he
expects  to  devote full time to the Company when it is operational. In addition
the Company has used consultants in the development of the business. The Company
has  no  other  employees.

         The  web  site  is  to  provide  an  auction  site for both business to
business auctions and business to consumers as a means for businesses to dispose
of  goods  that  it  wants  to sell to the general public in an auction setting.

         Bidmonkey.com  also  intends  to  be  local in its auctions through the
franchising  of  local  web  sites, beginning in North America, and then selling
them  throughout  the  rest  of  the  world.  The  Company  is in the process of
developing its franchise agreement, however it is not completed. The Company has
sold  no  franchises  at  this  time.

         The reason for the local franchise web sites is to provide a market for
products  that  typically are sold close to home, such as a car or a motor home,
and  will enable the buyer to personally look at the item before a purchase. The
affiliated  network of auction web sites allows for branding to attract business
to the web site, while at the same time being a local destination for the person
seeking  discounted  goods  available  at  auction.






<PAGE> 3
                               24 HOUR AUCTION, INC.
                                   FORM 10KSB
                        For the year ended August 31, 2000

         A  seller  of merchandise will list the merchandise with Bidmonkey.com.
The  seller  may  list a reserve price, which is a price below which he will not
sell  the merchandise. All auction listings state that there is a reserve price,
but  will  not  list  what  the  reserve  price  is.

        The  software  of  the  Company  has  a unique feature,  the maximum bid
price,  along  with  an automatic bid process. The bidder will indicate what the
maximum  price  he  will  pay  for  the  merchandise,  and   the  software  will
automatically enter bids  for  the  bidder.  As an example: there is an item for
sale  on  the  auction site,  and  the  current  bid  is  $100.  The bidder will
enter  a  maximum  bid  of  $1,000,  and  the software will enter a bid of $125.
Shortly  thereafter there is a bid of $500 entered on the item, and the software
will  then enter a bid of $525.  This  will continue until the item is sold, and
the  bidder  will be notified that he either was successful or unsuccessful by e
mail. This is an example only. The bidding  process  may  be done in any amounts
and  increments.  This  is  a  database function,  the  parameters,  the  dollar
amounts,  may  be  set at any amounts and increased  or  decreased  accordingly.

         The  Company  serves as listing agent and is not involved in the actual
transaction  of goods and money between buyer and seller. The transaction of the
money  and  the  goods  are the sole responsibility of the buyer and seller. The
listing  agreement  provides  that  the  buyer  and  the seller hold the Company
harmless  from  any  liability.

         There are many auction web sites on the Internet that will compete with
the  site  of  the  Company.  Many of them are well established and attract many
visitors  to  the  sites.  Many  of them are well financed and are able to spend
large  amounts  of  money to advertise their web sites. Probably the largest and
best  known  is eBay. The Company will have a difficult time in competition with
such  large  and  well  financed  competitors.

RISK  FACTORS

         Risk  Factor  - Going Concern. The independent auditor for the Company,
in  its report, issued a "going concern" doubt in its letter. Stating that there
is  a  substantial doubt that the Company can continue, mostly based on the lack
of  any  revenue  at  this  time.

         Risk  Factor  -  No  Market for Shares. No Transfer of Shares. Prior to
this  time  there  has  been no public market for the Shares and there can be no
assurance  that  an  active  trading  market  will  develop  or be sustained.

         Risk Factor - Limited Operating History. The Company recognizes that it
has  a limited operating history by which an investor might judge its likelihood
of success or failure. Its business plan is based on certain assumptions without
the benefit of a lengthy operating history. At this time the Company has made no
sales,  and  has  received  no  revenue.

         Risk Factor - Competition. The Company expects to encounter competition
in  its  efforts  to  establish  its  business.  Many of these entities may have
greater  experience,  resources and managerial capabilities than the Company and
will  therefore  be  in  a  better  position  than  the  Company  to  compete.






<PAGE> 4
                               24 HOUR AUCTION, INC.
                                   FORM 10KSB
                        For the year ended August 31, 2000

         Risk  Factor  -  Need for Additional Capital. While the Company will be
budgeting  towards  the achievement of its goals, there can be no assurance that
the  Company will be able to achieve its goals without additional capital. There
can  be  no  assurance  that  the  Company  will be able to raise the additional
capital  it may be seeking. Even if additional capital is obtained, there can be
no  assurance that the Company will be able to achieve its goals with additional
capital,  or  that  any new capital, if available, will be on terms favorable to
the  Company.

         Risk  Factor  -  Penny  Stock  Regulation.  Broker-dealer  practices in
connection  with  transactions  in "penny stocks" are regulated by certain penny
stock  rules  adopted  by  the  Securities  and Exchange Commission. Penny stock
generally  are  equity  securities  with  a price of less than $5.00 (other than
securities  registered on certain national securities exchanges or quoted on the
Nasdaq  system,  provided that current price and volume information with respect
to  transactions  in such securities is provided by the exchange or system). The
penny  stock  rules  require  a broker-dealer, prior to a transaction in a penny
stock  not  otherwise  exempt  from  the  rules,  to deliver a standardized risk
disclosure  document  that provides information about penny stocks and the risks
in the penny stock market. The broker-dealer must also provide the customer with
current  bid  and  offer quotations for the penny stock, the compensation of the
broker-dealer  and  its  salesperson  in  the  transaction,  and monthly account
statements  showing  the market value of each penny stock held in the customer's
account.  In  addition,  the penny stock rules generally require that prior to a
transaction  in  a  penny  stock  the  broker-dealer   make  a  special  written
determination  that  the  penny stock is a suitable investment for the purchaser
and  receive  the  purchaser's  written  agreement  to  the  transaction.  These
disclosure  requirements  may  have  the effect of reducing the level of trading
activity  in  the secondary market for a stock that becomes subject to the penny
stock  rules.  If  the  Company's  securities  become subject to the penny stock
rules,  investors  in  this  offering  may  find it more difficult to sell their
securities.

         Risk  Factor - The market may not accept our services. The Company only
recently  began  the  operation  of its Web site. There can be no assurance that
customers will embrace our Web site and business concept or that we will be able
to  enlist  a  sufficient  number  of  customers.  In  addition,  failure of the
customers  to  create a sufficient supply of or demand for merchandise will also
have  adverse  material  effect  on  our  business  prospects.

         Risk  Factor  - We face significant competition and limited barriers to
entry.  The  electronic  commerce  market is new, rapidly evolving and intensely
competitive,  and  we  expect  competition  to  intensify  in  the future. Other
companies  have  extensive operating histories and contacts in the bulk discount
merchandise  industry,  as  well  as  revenues greatly in excess of the Company.
There  is  no  guarantee  that  we can successfully compete with these entities,
especially  those with greater financial, marketing, customer support, technical
and  other  resources  than  the  Company.

         Risk  Factor  - We are dependent upon our ability to attract and retain
key  personnel.  Our  success  is  dependent  in  large part upon our ability to
attract and retain key management and operating personnel. Qualified individuals
are in high demand and are often subject to competing offers. In the future, the
Company  will  need  to  add additional skilled personnel to facilitate business
operations. There can be no assurance that we will be able to attract and retain
the qualified personnel needed for our business. The loss of the services of one


<PAGE> 5
                               24 HOUR AUCTION, INC.
                                   FORM 10KSB
                        For the year ended August 31, 2000

or  more  members  of  our  management group or the inability to hire additional
personnel as needed would likely have a material adverse effect on our business,
prospects,  results  of  operations  and  financial  condition.

         Risk  Factor  -  We  are  dependent  on  the continued growth of online
commerce. The Company's future revenues and any future profits are substantially
dependent  upon  the  widespread  acceptance  and  use of the Internet and other
online  services  as an effective medium of commerce by businesses. Rapid growth
in the use of and interest in the Internet and other online services is a recent
occurrence,  and there can be no assurance that acceptance and use will continue
to  develop  or  that  a  sufficiently  broad base of businesses will adopt, and
continue to use, the Internet and other online services as a medium of commerce.
Demand  and market acceptance for recently introduced services and products over
the  Internet  are  subject  to  a high level of uncertainty and there exist few
profitable  operations  in  this  arena.

         The  Internet and other online services may not be accepted as a viable
commercial marketplace for a number of reasons, including potentially inadequate
development  of  the  necessary network infrastructure or delayed development of
enabling  technologies  and  performance improvements. There can be no assurance
that  the infrastructure for the Internet and other online services will be able
to  support  the  demands placed upon them in light of the significant growth in
the  number  of  users, their frequency of use or an increase in their bandwidth
requirements.  In  addition,  the  Internet  or other online services could lose
their  viability  due  to delays in the development or adoption of new standards
and  protocols  required  to handle increased levels of Internet or other online
service activity, or due to increased governmental regulation. Changes in, or an
insufficient  availability  of,   telecommunications  services  to  support  the
Internet or other online services also could result in slower response times and
adversely  affect usage of the Internet and other online services generally, and
the Company in particular. If use of the Internet and other online services does
not  continue  to grow or grows more slowly than expected, if the infrastructure
for  the  Internet and other online services does not effectively support growth
that  may  occur,  or  if the Internet and other online services do not become a
viable  commercial marketplace, our business, prospects, financial condition and
results  of  operations  would  be  materially  adversely  affected.

         Risk  Factor  -  We  are  subject   to  risks  associated   with  rapid
technological  change.  To  remain  competitive,  the  Company  must continue to
enhance  and  improve  the responsiveness, functionality and features of its Web
sites.  The Internet and the online commerce industry are characterized by rapid
technological change, changes in user and customer requirements and preferences,
frequent  new  product  and service introductions embodying new technologies and
the  emergence of new industry standards and practices that could render our Web
sites  and  proprietary  technology  and systems obsolete. The Company's success
will  depend,  in part, on its ability to license leading technologies useful in
its  business,  enhance  its   existing  services,  develop   new  services  and
technologies that address the increasingly sophisticated and varied needs of its
prospective  customers,  and  respond  to  technological  advances  and emerging
industry  standards  and  practices  on  a  cost-effective and timely basis. The
development  of Web sites and other proprietary technologies entails significant
technical  and  business  risks.  There can be no assurance that we will use new
technologies  effectively  or  successfully  adapt  our  Web  sites, proprietary
technologies  or  transaction-processing  systems  to  customer  requirements or
emerging  industry  standards.  If  the Company is unable, for technical, legal,
financial  or other reasons, to adapt in a timely manner in response to variable
market  conditions  or customer requirements, its business, prospects, financial
condition  and  results  of  operations  would be materially adversely affected.
<PAGE> 6
                               24 HOUR AUCTION, INC.
                                   FORM 10KSB
                        For the year ended August 31, 2000

         Risk  Factor  -  We are liable for Internet content. As a publisher and
distributor  of  online  content,  the  Company  faces  potential  liability for
defamation,  negligence,  copyright,  patent or trademark infringement and other
claims  based  on  the  nature  and  content of the materials that we publish or
distribute.  Such  claims have been brought, and sometimes successfully pressed,
against  online  services.  Any  imposition  of  liability could have a material
adverse  effect on our reputation and business, prospects, results of operations
and  financial  condition.

         Risk  Factor  -  Franchise  Agreement. The Company is in the process of
completing its franchise agreement. There can be no assurance that the franchise
agreement,  when  completed,  will  qualify  in  the  jurisdictions in which the
Company  desires  to  make franchise agreements, or that the franchise agreement
will  be  acceptable  to  potential  franchisees.  The  failure of the franchise
agreement  to  qualify, or to be acceptable to potential franchisees wold have a
material  adverse  effect  on  the results of financial operations and financial
condition  of  the  Company.

REPORTS  TO  SECURITY  HOLDERS

You  may  read  and  copy  any  materials filed with the SEC at the SEC's Public
Reference  Room  at  450  Fifth  Street,  N. W., Washington, D.C. 20549. You may
obtain  information on the operation of the Public Reference Room by calling the
SEC at 1 (800) SEC-0330. The SEC maintains an Internet site (http://www.sec.gov)
that  contains  reports,  proxy and information statements and other information
regarding  the  Company  that  is  filed  electronically  with  the  SEC.

ITEM  2.  PROPERTIES

         The Company  leases  office  space  from Apus Capital Corporation.  The
lease  is  for  one year from October 1, 1999 to September 30, 2000 at a monthly
rental of $250 per month. The office space is approximately 400 square feet, and
includes  telephone,  fax  and  secretarial  services.

ITEM  3.     LEGAL  PROCEEDINGS

There  are  no  material  pending legal proceedings to which the Registrant is a
party  or  of  which  any  of  its  property  is  subject.

ITEM  4.     SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  STOCKHOLDERS

No  matter was submitted during the fourth quarter of the fiscal year covered by
this  report  to a vote of security holders, through the solicitation of proxies
or  otherwise.

                                     PART II

ITEM  5.     MARKET  FOR  THE  REGISTRANT'S COMMON STOCK AND RELATED SHAREHOLDER
MATTERS

(A)     MARKET  INFORMATION

There  is  no  established  public  trading  market  for the Registrant's common
equity.  The Company's common stock has not traded at this time.




<PAGE> 7
                               24 HOUR AUCTION, INC.
                                   FORM 10KSB
                        For the year ended August 31, 2000

(B)     HOLDERS

         There are 38 holders of the common stock of  the  Company.

(C)     DIVIDENDS

        The Registrant has never paid any  dividends, cash or  otherwise, on the
common  shares  of the Company.  There is  no  plan  to pay  dividends  for  the
foreseeable future.

(D)     UNREGISTERED  SALES

    During the period covered by this report the Company has sold no securities.

ITEM  6.     MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
             AND  RESULTS  OF  OPERATION

         The  Internet  has  created a new medium for advertising, marketing and
sales.  The  Internet has also been a medium of the bargain hunter, seeing a way
to  make  purchases at below market prices.  The Registrant is in the process of
building  a  website  to  take  advantage  of  these  opportunities.

         The  Company  has  two  main  sources  of  income.

         First,  the Company charges a fee to sellers of 1% of the sale price of
the  things  sold.

         Second,  the  Company  sells franchises to local persons that sponsor a
local Bidmonkey.com page for products that are geographically sensitive. The fee
for  the  local  person  is  $4,999,  and  a royalty fee of 1% of its sales. The
proposed  franchise  is  for a specific geographic area, with a term of 5 years,
renewable for an additional 5 years, with no additional fee, but the royalty fee
of  1% of its sales remains. The Company has sold no franchises to date, and has
not  developed  its  franchise  agreement  in  definitive  form.

         Management  of the Company is of the opinion that the current cash will
be  sufficient  for  the next three to four months during the development of the
web site, and that it will need an additional $100,000 at that time. The Company
has  not  determined  how  it  will  raise the additional money at this time, or
whether  it  will  be  through  equity  or  debt.  The  Company  feels that this
additional  money  will  be  enough  for  the  next  twelve  months.

         The  Company  does  not  anticipate  any  expenditures for research and
development.  The  Company has no plans for the purchase of plant or significant
equipment.  There  are  no  plans  for  a  significant  change  in the number of
employees,  though there will be some employees when the site is operational.

         The Company has not generated any revenue at this time, and the Company
has  no  franchisees  at  this time. The web site is nearing completion, and the
Company  hopes  to  generate  revenues  as soon as it is complete. Management is
hopeful  that  revenues  will begin toward the end of the second quarter of this
year.

ITEM  7.     FINANCIAL  STATEMENTS

Financial  statements  of the Company meeting the requirements of Regulation S-B
are  filed  on  the  succeeding  pages  as  listed  below:

<PAGE> 8
                              24 HOUR AUCTION, INC.
                                   FORM 10KSB
                        For the year ended August 31, 2000




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

                                 AUGUST 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



INDEPENDENT  AUDITOR'S  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> 9





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


                          INDEPENDENT AUDITOR'S REPORT
                          ----------------------------


We  have  audited  the  accompanying consolidated balance sheet of 24 Hr Auction
Inc.  (a  development  stage  company)  as  of  August 31, 2000, and the related
consolidated  statements  of operations, stockholders' equity and cash flows for
the  period  from  September  21,  1999  (inception)  to August 31, 2000.  These
financial  statements  are  the responsibility of the Company's management.  Our
responsibility  is  to express an opinion on these financial statements based on
our  audit.

We conducted our audit in accordance with generally accepted auditing standards.
Those  standards require that we plan and perform the audit to obtain reasonable
assurance  about  whether  the  financial   statements  are  free   of  material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also includes
assessing  the  accounting  principles  used  and  significant estimated made by
management,  as well as evaluating the overall financial statement presentation.
We  believe  that  our  audit  provides  a  reasonable  basis  for  our opinion.

In  our  opinion,  the financial statements referred to above present fairly, in
all material respects, the financial position of 24 Hr Auction Inc. as of August
31,  2000,  and  the results of its operations and its cash flows for the period
from  September  21,  1999  (inception)  to  August  31, 2000 in conformity with
generally  accepted  accounting  principles.

As  discussed in Note 2, the Company has been in the development stage since its
inception  and has no revenues.  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

November  21,  2000









<PAGE> 10
                               24 HR AUCTION INC.
                          (A DEVELOPMENT STAGE COMPANY)
                           CONSOLIDATED BALANCE SHEET


                                                                 August 31,
                                                                    2000
                                                               ---------------

ASSETS

     CURRENT  ASSETS
          Cash                                                 $        3,608
     Total Current Assets                                               3,608
                                                               ---------------

     PROPERTY  PLANT  AND  EQUIPMENT
          Web site costs                                                3,007
          Computer equipment                                            1,500
          Less: accumulated depreciation
                                                                        (876)
                                                               ---------------
     Total Property, Plant and Equipment                                3,631
                                                               ---------------

TOTAL ASSETS                                                   $        7,239
                                                               ===============



LIABILITIES  AND  STOCKHOLDERS'  EQUITY

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

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
                                                                      (15,483)
                                                               ---------------
      Total Stockholders' Equity                                        4,017
                                                               ---------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                     $        7,239
                                                               ===============




The accompanying notes are an integral part of these financial statements.

<PAGE> 11
                               24 HR AUCTION INC.
                          (A DEVELOPMENT STAGE COMPANY)
                      CONSOLIDATED STATEMENT OF OPERATIONS

                                                              For the Period
                                                               September 21,
                                                                  1999
                                                                (Inception)
                                                                  through
                                                                 August 31,
                                                                    2000
                                                               ---------------


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


OPERATING  EXPENSES
  Lease expense                                                         2,750
  Filing and transfer agent fees                                        1,528
  Professional expense                                                  8,250
  Organizational expense                                                2,000
  Depreciation                                                            876
  Office supplies                                                          79
                                                               ---------------
        Total Operating Expenses                                       15,483
                                                               ---------------


LOSS FROM OPERATIONS                                                  (15,483)

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


                       NET LOSS                                $      (15,483)
                                                               ===============

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

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















The accompanying notes are an integral part of these financial statements.

<PAGE> 12
                                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
ending August 31,
 2000                          -            -           -         (15,483)      (15,483)
                      ------------  ------------  ----------  ------------  -------------
Balance,
  August 31, 2000       3,660,000   $      366    $  19,134   $   (15,483)  $      4,017
                      ============  ============  ==========  ============  =============
</TABLE>
































The accompanying notes are an integral part of these financial statements.

<PAGE> 13
                               24 HR AUCTION INC.
                          (A DEVELOPMENT STAGE COMPANY)
                       CONSOLIDATED STATEMENT OF CASH FLOWS

                                                              For the Period
                                                               September 21,
                                                                  1999
                                                                (Inception)
                                                                  through
                                                                 August 31,
                                                                    2000
                                                               ---------------

Cash  flows  from  operating  activities:
  Net loss                                                     $      (15,483)
  Depreciation                                                            876
  Adjustments to reconcile net loss
    to cash used in operating activities:
      Increase in accounts payable                                        472
      Increase in related parties payable                               2,750
                                                               ---------------
Net cash used in operating activities                                 (11,385)
                                                               ---------------

Cash  flows  from  investing  activities:
  Purchase of computer equipment                                       (1,500)
  Purchase of web site                                                 (3,007)
                                                               ---------------
Net cash used in investing activities                                  (4,507)
                                                               ---------------

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

Net increase in cash                                                    3,608

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

Cash, end of period                                            $        3,608
                                                               ===============

SUPPLEMENTAL  DISCLOSURES:
  Interest expense paid                                        $          -
                                                               ===============

  Income taxes paid                                            $          -
                                                               ===============









The accompanying notes are an integral part of these financial statements.

<PAGE> 14
                               24 HR AUCTION INC.
                          (A DEVELOPMENT STAGE COMPANY)
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 AUGUST 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 August 31, 2000, the
Company's  principal  office  is  located  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 August 31, 2000, had not realized any significant revenues from planned
operations.

The  Company  serves  as  a  holding  company  for  its subsidiary's operations.
Although  the  subsidiary  is  not  considered a franchise, 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 generally
accepted  accounting  principles  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.

Use  of  Estimates
------------------
The  process  of  preparing  financial  statements  in conformity with generally
accepted  accounting  principles  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> 15
                               24 HR AUCTION INC.
                          (A DEVELOPMENT STAGE COMPANY)
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 AUGUST 31, 2000

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  the  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 $3,608 as of August 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  August  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 a statement
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 August
31,  2000.

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



<PAGE> 16
                               24 HR AUCTION INC.
                          (A DEVELOPMENT STAGE COMPANY)
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 AUGUST 31, 2000

NOTE  2-SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)

Franchise  Revenue
------------------
At  August  31, 2000, the Company has not sold any franchises to date.  However,
the  Company  has  plans  to  franchise its subsidiary's operations.  Management
intends  to  recognize  revenue  from  sales of individual franchises, net of an
allowance for uncollectible amounts, when substantially all significant services
to  be  provided  by  the  Company  have  been  performed.

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

Income  Taxes
-------------
At  August  31,  2000,  the  Company  had  a net operating loss of approximately
$15,000  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 $15,483 for the period from September 21, 1999 (inception) to August
31,  2000.  The  Company,  being  a developmental stage enterprise, is currently
putting  technology  in  place which 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> 17
                               24 HR AUCTION INC.
                          (A DEVELOPMENT STAGE COMPANY)
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 AUGUST 31, 2000

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 is being 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  period  ended  August  31,  2000  was  $876.

NOTE  4  -  RELATED  PARTY  TRANSACTIONS

The Company is the lessor 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 August 31, 2000,  $2,750 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.

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.  At
August  31,  2000,  officers  of the company directly held 800,000 shares of the
Company's  outstanding  stock.

The  Company has not authorized any convertible stock, warrants or options as of
August  31,  2000.





















<PAGE> 18
                               24 HOUR AUCTION, INC.
                                   FORM 10KSB
                        For the year ended August 31, 2000

ITEM  8.     CHANGES  IN  AND  DISAGREEMENT  WITH  ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL  DISCLOSURES

Since  the  registrant's inception, no independent accountant who was previously
engaged  as  the  principal  accountant  to  audit  the  registrant's  financial
statements,  or  independent  accountant  who  was previously engaged to audit a
significant  subsidiary  and on whom the principal accountant expressed reliance
in  its  report,  has  resigned  (or  indicated  it  has  declined  to stand for
re-election  after  the  completion  of  the  current  audit) or was  dismissed.

The  Registrant has  engaged Williams & Webster, P.S. as Independent Auditor for
the fiscal year  ended  August  31,  2000.

                                    PART III

ITEM 9.     DIRECTORS  AND  EXECUTIVE  OFFICERS  OF  THE  REGISTRANT

(A)     IDENTIFICATION  OF  DIRECTORS

Set  forth below is the name, age and length of service of the Company's present
directors:

NAME  (AGE)                    POSITION               LENGTH  OF  SERVICE
--------------------------     -------------------    -------------------

Nazir Maherali  (39)           President, Secretary,  Since 1999
                               Director

Kali Palmer     (30)           Director               Since 1999



        Executive Officers are appointed to serve until the meeting of the Board
of Directors following the next  annual  meeting of shareholders and until their
successors  have  been  elected  and  qualified.  There  are  no arrangements or
understandings  between  any  of  the  directors,  officers,  and  other persons
pursuant  to  which  such  person  was  selected  as  an  Executive  Officer.

        Set forth  below is  certain  biographical  information  regarding  each
Director and Executive  Officer  of  the  Company.

         Nazir  Maherali  is  the  President,  Secretary  and  a Director of the
Company.  From  1994  to  the  present  he  has  been  a Manager of Apus Capital
Corporation.  Apus  Capital  Corporation  is  in  the  business of consulting to
internet  based  companies,  his  duties  include  compiling  sales  material,
organization  of  data  and  data  entry.

         Kali  Palmer  is  a  Director.  She  worked  for  Facilicom Educational
Products  in  Austin,  Texas  from  1993  to 1998 in marketing. From 1999 to the
present  she  has been a director of the company and in the real estate business
in  Seattle,  Washington.









<PAGE> 19
                               24 HOUR AUCTION, INC.
                                   FORM 10KSB
                        For the year ended August 31, 2000

(C)     IDENTIFICATION  OF  CERTAIN  SIGNIFICANT  EMPLOYEES

The Registrant has no other employees.

(D)     FAMILY  RELATIONSHIPS

There  is  no  family  relationship  between any Director, Executive Officer, or
person  nominated  or chosen by the Registrant to become a Director or Executive
Officer.

(E)      INVOLVEMENT  IN  CERTAIN  LEGAL  PROCEEDINGS

No  Director, or person nominated to become a Director or Executive Officer, has
been  involved  in  any legal proceedings during the past five years.

(F)     PROMOTERS  AND  CONTROL  PERSONS

Not  Applicable

COMPLIANCE  WITH  SECTION  16(A)  OF  THE  EXCHANGE  ACT

So far as the Registrant is able to ascertain, all officers and directors of the
Company are in compliance with  information required  under Section 16(a) of the
Securities Exchange Act  of  1934, as amended.


ITEM  10.     EXECUTIVE  COMPENSATION

         There are no officers or directors that received compensation in excess
of $60,000 or more during the last year.

ITEM  11.     SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
              AND MANAGEMENT

         There are presently  3,660,000 shares  of the company's  common shares
outstanding. The following table sets forth the information as to the ownership
of each person who, as of this date, owns of record, or is known by the company
to own beneficially, more than five per cent of the company's common stock, and
the officers and directors of the company.

Title  of     Name  and  Address              Amount  and Nature            % of
Class        of  Beneficial  Owner           of Beneficial Ownership (1)   Class
________________________________________________________________________________

Common        Nazir Maherali                        800,000                 22%
              31550 South Fraser Way
              Abbotsford, Canada

Directors and Officers                              800,000                 22%
as a group

CHANGES  IN  CONTROL

There  are  no  arrangements  that  may  result  in  a  change in control of the
Registrant.



<PAGE> 20
                               24 HOUR AUCTION, INC.
                                   FORM 10KSB
                        For the year ended August 31, 2000

ITEM  12.     CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS

         The  Company  leases  office  space  from  Apus  Capital Corporation, a
company  that  the President of the Company works for. The lease is for one year
from  October  1,  1999  to  September  30, 2000 at a monthly rental of $250 per
month.  Management  feels that the lease is no less favorable than it would have
from  an  unrelated  party.

PART  IV

ITEM  13.     EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS
              ON FORM 8-K

(A)     Exhibits  required  by  Item  601                               (1)

        (3)(i)     Articles  of  Incorporation                          (2)
        (3)(ii)    Bylaws.                                              (2)
        (13)       Annual report to security holders, Form 10Q
                   or  quarterly  report  to  security  holders.        (2)
        (27)       Financial Data Schedule             Filed Electronically

                  (1)  Omitted  Exhibits  not  applicable
                  (2)  Incorporated  by  reference  to  previous  filing

(B)     REPORTS  ON  FORM  8-K:

     The  Company  did not file any reports on Form 8-K in the fiscal year ended
August  31,  2000.

                                   SIGNATURES

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

Dated:  March 23,  2001

24 Hour Auction, Inc.
Registrant

                    /s/ Nazir Maherali
                    _____________________________
                    President,  Secretary  and  Director

Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has  been  signed below by the following persons on behalf of the registrant and
in  the  capacities  indicated  on  August  29,  2000.

                    /s/ Nazir Maherali
                    _____________________________
                    Nazir Maherali
                    President,  Secretary  and  Director

                    /s/ Kali Palmer
                    _____________________________
                    Kali Palmer, Director