Nicolas Berggruen, is a 46 year-old ‘homeless’ billionaire (or so the story goes) and a familiar figure in New York, Paris, and London society.

Berggruen hosts this particular lavish ‘blowout bash’ annually. He has his own billion-dollar business called Berggruen Holdings and is a son of the late Heinz Berggruen, one of the most successful international art dealers of the 20th century.

So there I was another night at another party, however I was rather looking forward to this one as it was actually tipped to be one of the best in town, but Er… sadly it was not, well, not this year anyway…

The party was held at one of my favorite spots in town, the legendary Chateau Marmont in West Hollywood, inviting over 500. His guest list is considered one of the great mixes for Hollywood – pretty people, celebrities, sexy girls, power players ‘forward slash’, Er… lots of old men.

“This one isn’t as good as last years,” were the words spouting from one guests mouth, “it looks more like a brothel tonight with lots of trashy woman and old men, very odd.” Another was overheard saying, “What a very strange crowd indeed. A lot of extremely rich, short men and lots of young girls in very short dresses, wannabe actresses perhaps?” Well come on this is Hollywood after all, though I have to agree the celeb count this year was rather low, though I thought I saw that scruffy little actor, Jared Leto running around somewhere, but that was about it.

I did however spy two very classy ladies, diamond divas Zeta Graff and Loree Rodkin who were parked in a cozy corner avoiding the pushy overcrowded walkways. Rodkin told me how thrilled see was that Michelle Obama had worn her jewelry at the president’s inauguration day, she said, “I am going down in history, the jewelry will be on show at the Smithsonian [Institution].”

Zeta also has a few things to look forward to, the model/actress tells me she is in the planning stages of launching her very own jewelry collection later this year and she was just happening to be wearing some her stunning ‘bling’, waving her wrist at me with a $100,000 bracelet on it, she said, “I designed this, do you like it!” Admittedly it was a beautiful piece, but then Graff always had taste so I have no doubt in my mind that Zeta has finally found her calling, good luck ‘ZG’!

Time to grab my carriage I think, I’d had enough by midnight… The smell of cigarette smoke in the air and the taste of champagne were finally getting to me. Reports in tell me the party went on just past 2am – quite late for L.A really, but I have to say, this party was not one of my favorites  - then there’s always next year, eh Mr. Berggruen!