The Chrysler Building
                                               405 Lexington Avenue
                                               New York, NY 10074
                                               (212) 704-6000 Fax (212) 704-6288





                                                           October 10, 2000

e-Auction Global Trading Inc.
220 King Street West, Suite 200
Toronto, Ontario
Canada  M5H  1K7


Dear Sir or Madam:

         We have acted as counsel to  e-Auction  Global  Trading  Inc., a Nevada
corporation  (the  "Company"),  in connection  with its filing of a registration
statement on Form SB-2 being filed with the Securities  and Exchange  Commission
under the Securities Act of 1933, as amended (the "Registration Statement"),  to
which this opinion is an exhibit,  coming an aggregate of  44,095,915  shares of
common  stock,  par  value  $.001  per share of the  Company  which the  Selling
Stockholders named in the Registration Statement propose to sell pursuant to the
Registration Statement (the "Shares").

         In our capacity as counsel to the Company,  we have examined  originals
or copies,  satisfactory to us, of the Company's (i) Articles of  Incorporation,
as amended,  (ii)  By-laws,  as amended and (iii)  resolutions  of the Company's
board of directors. We have also reviewed such other matters of law and examined
and relied upon all such corporate records,  agreements,  certificates and other
documents as we have deemed  relevant  and  necessary as a basis for the opinion
hereinafter expressed.  In such examination,  we have assumed the genuineness of
all signatures,  the authenticity of all documents  submitted to us as originals
and the conformity with the original documents of all documents  submitted to us
as copies or facsimiles.  As to any facts material to such opinion,  we have, to
the extent that relevant facts were not independently  established by us, relied
on  certificates  of public  officials  and  certificates  of  officers or other
representatives of the Company.




e-Auctin Global Trading Inc.
October 10, 2000
Page 2



         Based upon and subject to the foregoing, we are of the opinion that the
shares were duly issued and are fully paid and non-assessable.

         Our  opinion is  limited to the date  hereof and we do not in any event
undertake to advise you of any facts or circumstances occurring or coming to our
attention subsequent to the date hereof.

         Finally,  we are counsel  admitted to practice only in the State of New
York, and we express no opinions as to the applicable  laws of any  jurisdiction
other than those of the State of New York, the Delaware General  Corporation Law
and the United States of America.

         We  hereby  consent  to the use of our name  under the  caption  "Legal
Matters" in the prospectus constituting a part of the Registration Statement and
to the filing of this opinion as an exhibit to the  Registration  Statement.  In
giving this consent,  we do not thereby admit that we are within the category of
persons  whose  consent is required  under  Section 7 of the Act,  the rules and
regulations of the Securities and Exchange Commission  promulgated thereunder or
Item 509 of Regulation S-B promulgated under the Act.

                                                              Very truly yours,



                                                              PARKER CHAPIN LLP