Embattled auction house Grays.com – recently ordered to pay a $10m fine for misleading car buyers – has entered administration just days after its reported sale to a rival. Founded in 1922, Grays.com ...

The commercial online platform had recently been acquired by Slattery Auctions, owned by former Grays owner Quadrant Private equity. The collapse comes just over a year since the Federal Court ruling ...

Online auction group Grays has been ordered by the Federal Court to pay $10 million in penalties after admitting to making false or misleading representations in hundreds of car ads for two years.