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Julian Schnabel

Auctions: The art of making a celebrity bidding war wildly lucrative

Going, going, gone – to my billionaire best friend in the fifth row. It takes years to train as an auctioneer and a couple of decades on top to smooth one's salesroom patter and gavel-banging. If you're Leonardo DiCaprio, though, a few pals in high places are all you need. At an auction at Christie's New York on Monday, the actor raised $38.8m (£25.5m) for his Foundation, which works to protect endangered species and wildlife habitats.

Chapman brothers direct film comedy about the art world

Jake and Dinos Chapman found fame at the vanguard of the Young British Artists (YBA) movement, producing controversial works that placed them at the centre of London's arts scene for more than a decade. Now, the enfants terribles of British art are turning to film. The brothers are in the early stages of directing a comedy-drama inspired by the artistic circles in which they move.