Abstract: A fishing automatic tip-up particularly adapted for use in ice fishing including a collapsible base which is positionable over a hole in an ice covered body of water. A pivotedly mounted post is connected to the base to be positioned in a substantially upright position. A resilient flag support is mounted on the post and has a signal flag mounted on the flag support. An automatic rewind fishing reel is mounted on the post for receiving a fishing line. A latch is releasably connectable with the fishing reel to prevent selectively the fishing reel from rewinding the fishing line. Disengagement of the latch from the fishing reel allows the fishing reel to rewind the fishing line.