In the film industry, the highest bid isn't always the winning bid. The Hollywood Reporter says Fox Searchlight's January 26th acquisition of Me and Earl and the Dying Girl at the Sundance Film Festival is an example. Multiple buyers reportedly offered $12 million-plus for the coming-of-age tearjerker, an astronomical figure that would have made the film the biggest Sundance sale ever.
He's got the Sundance look! Kellan Lutz looked like he was about to fly a fighter jet, but in reality that's just his Sundance ski attire. Do you like the look? (Photo by Ray Tamarra/GC Images)
Veteran thesp Robert Redford looked cozy in a plaid shirt as he strolled through Park City. (Photo by Ray Tamarra/GC Images)
We love ladies in turtlenecks. Lily Tomlin shared a hug with pal Jane Fonda at the Woman at Sundance Brunch. (Photo by Mat Hayward/Getty Images for Sundance)
"Sleeping With Other People" stars Jason Sudeikis and Alison Brie posed together at the Chase Sapphire Preferred event.
Homies! Jonathan Bennett and Kellan Lutz made an appearance at the Rock & Reilly's After-Dark Dance Party. (Photo by Vivien Killilea/Getty Images for Rock & Reilly's)
James Marsden looked chill and relaxed at the Dark Horse Wine Workshop at Variety Studio at Sundance. (Photo by Joe Scarnici/Getty Images for Variety)
It's for a good cause! Toni Collette showed her support and signed a chalice for Stella Artois and Water.org's #buyaladyadrink at the Stella Artois Cafe. (Photo by Rick Kern/Getty Images for Stella Artois)
Buds! James Franco popped a pose with pal Charlie Carver at the Variety dinner celebrating James Franco and 'I Am Michael' at the Stella Artois Cafe. (Photo by Joe Scarnici/Getty Images for Variety)
Zachary Quinto looked dapper in plaid at the McDonald's McCafe Presents The Village At The Lift 2015. (Photo by Jamie McCarthy/Getty Images for McDonald's McCafe)
Vincent Cassel bundled up and stopped by The Variety Studio At Sundance Presented By Dockers. (Photo by Jonathan Leibson/Getty Images for Variety)
We take it that Johnny Knoxville likes Michelob. The acto attends popped by the Cinema Cafe. (Photo by Chelsea Lauren/Getty Images for Sundance)
Strike a pose! Olivia Cooke and Molly Shannon popped a pose together and held up personalized luggage tags at the Dark Horse Wine Workshop. (Photo by Joe Scarnici/Getty Images for Variety)
Jason Collins scored an invite to Sundance too. (Photo by Joe Scarnici/Getty Images for Variety)
Connie Britton signed an autograph at the Variety Studio. (Photo by Jonathan Leibson/Getty Images for Variety)
Common looked sleek in a suit backstage at the Celebration of Music in Film event. (Photo by Amanda Edwards/Getty Images for Sundance)
Comedian Richard Kind got people laughing as he performed at the Airbnb Haus during Sundance. (Photo by Rick Kern/Getty Images for Airbnb)
Charlie Carver stopped by the Variety dinner celebrating James Franco and 'I Am Michael' at the Stella Artois Cafe. (Photo by Joe Scarnici/Getty Images for Variety)
She's mad for plaid! Brooklyn Decker looked adorable in a plaid shirt and jean vest as she stopped by The Variety Studio At Sundance Presented By Dockers. (Photo by Jonathan Leibson/Getty Images for Variety)
Serious faces only! "Pitch Perfect" cutie Brittany Snow popped a pose with the American Authors at the Lipton Sparkling Ice Tea Party. (Photo by Jonathan Leibson/Getty Images)
Alexander Skarsgard, Bel Powley, Director Marielle Heller and Kristen Wiig attend 'The Diary Of A Teenage Girl' premiere. (Photo by Chad Hurst/Getty Images for Sundance)
Winona Ryder and Peter Sarsgaard were all smiles at the ChefDance & HuffPost Live Media Lounge. (Photo by Tiffany Rose/Getty Images for Chefdance)
"Girls" star Lena Dunham gave a riveting talk at the Sex, Politics And Film panel, which she co-hosted with Planned Parenthood. (Photo by Sonia Recchia/Getty Images)
Emily Nussbaum, Kristen Wiig, Jenji Kohan, Lena Dunham and Mindy Kaling appear onstage at the Power Of Story Panel: Serious Ladies during the 2015 Sundance Film Festival. (Photo by Sonia Recchia/Getty Images for Sundance)
Margot Robbie looked lovely as ever at the 'Z for Zachariah' Dinner at The Acura Studio. (Photo by Neilson Barnard/Getty Images for Acura)
Jennifer Morrison looked both parts cozy and chic at the TAO Nightclub at Sundance.
Happy campers Jack Black and James Marsden posed together at the Music Lodge Hosts MTV Interview Studio. (Photo by Clayton Chase/Getty Images for Music Lodge)
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It's all about stars and ski fashion at the Sundance Film Festival in Park City, Utah.
The festivities got under way at the famous film fest -- which is also home to tons of parties, dinners, gifting suites, and of course, movies -- on January 22 and will run through February 1.
Everyone from James Marsden and Kellan Lutz to Toni Collette and Robert Redford have stopped in at the fest to kick back, mingle and promote their films.
Check out all the stars above and continue to watch as more A-list talent pops up throughout the week!