Leonardo DiCaprio outbids Paris Hilton for expensive bag

Hollywood star Leonardo DiCaprio outbid socialite Paris Hilton for a handbag worth more than USD 10,000 at the InterContinental Carlton Cannes.

DiCaprio, 40, bought the designer purse for her mother, Irmelin, reported People magazine.

The actor and Hilton stayed for the entire event, catching speeches, a musical performance by hip-hop artist Mos Def, a decadent dinner spread and all of the auctions.

"Paris was great. She bid on many things, and Leo did too," a source said. "Both her and Leo were so active during the entire auction. It was really nice to see."

Sporting a suit and his signature scruff, DiCaprio "was laughing and enjoying himself with his friends," the onlooker says.