The Gagosian Gallery in West Chelsea capped off its (Auction) RED exhibition Wednesday night with a cocktail party hosted by Larry Gagosian, Vogue's Anna Wintour, and Sotheby's Lisa Dennison. With art by Takashi Murakami, Jeff Koons, and Richard Prince among the works wrangled by the event's organizer, Damien Hirst, there was no shortage of A-listers— Jon Bon Jovi, Michael Stipe, and Charlie Rose, included—angling for one last look. (All 83 lots were scheduled to hit the block at Sotheby's on Thursday, with proceeds going to the Global Fund to help eliminate AIDS in Africa.) How did the bad-boy artist come to spearhead one of the year's most anticipated charity events? "Well, I went down to the South of France to hang out with Bono and we'd had a lot to drink, and I guess it was about five in the morning when Bono suggested I go ahead and make this thing happen," Hirst explained. "Suggest" may be the wrong verb. Hirst vaguely remembered being threatened with a punch in the face if he shirked his philanthropic duties.

Meanwhile, in Los Angeles, Fendi celebrated the redesign of its Rodeo Drive flagship with a "Ten Baguettes for Ten Years" silent auction benefiting LACMA's Arts for NexGen. Lindsay Lohan, Rose McGowan, and Kelly Lynch were among the VIPs perusing bags custom-designed by artists such as Rachel Feinstein Currin, Terence Koh, and Jorge Pardo. Mandy Moore arrived sporting a demure black and aqua version, but given the chance to design her own baguette, the actress said she'd opt for something with a little more va-va-voom. "If you're gonna go there, you have to go there," she explained. "So I would do a leopard print."