Sandy Gallin hosted a star-studded dinner for Hugh Jackman at his newly built Bel-Air pad. And here, you would never have known the country is in the worst recession in decades. The house itself is 16,000 square feet, with seven bedrooms, and a swimming pool that measures 150 feet long. The bookshelves, completed almost seconds before the party, required their own decorator.

Seen milling about were Mariah Carey, Harvey Weinstein, Rupert and Wendi Murdoch, Donna Karan, Barbra Streisand and David Geffen.

“It was supposed to be, like, 10 people,” said Gallin, “but then I invited 10 people, and they started inviting people and by today, I was receiving phone calls from people asking if they could come.”

Oprah Winfrey and Gayle King made the mistake of saving the house tour until after dessert, and discovered at the end of their expedition that all the other guests had left. “Are we the last ones here?” Winfrey asked.

Indeed they were. By that point, the party had moved nearby to the Creative Artists Agency agent Bryan Lourd’s home, where the only press was on the street, and Madonna mingled inside with her new friend Jesus Luz, as well as Robert Downey Jr., Tom Cruise, Leonardo DiCaprio and Natalie Portman.

Demi Moore, for one, is busier Oscar season than she is nearly the entire rest of the year. She came to Lourd’s with her husband Ashton Kutcher around midnight after putting in an appearance at the Bally-sponsored Hollywood Domino fete benefiting the Art of Elysium at the Andaz Hotel. And she’d agreed to host a post-Oscar party with Guy Oseary and Madonna later in the weekend.

Saturday afternoon, folks headed to Beverly Hills for Diane von Furstenberg and Barry Diller’s annual outdoor lunch for Graydon Carter. There was Uma Thurman, Diddy and Winfrey and King, too — in matching red dresses, no less. Waiters served grilled cheese sandwiches, the perfect zeitgest party food. And everyone who came from the East Coast talked about how great it was to be out of New York. “I actually feel a little guilty,” said the writer Kurt Andersen, who’s been living here for the past few months.

Translation? It’s fantastic.

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