Last night' episode of Gossip Girl introduced us to the world of high-stakes auctions, in which Chuck and Blair will stop at nothing to get what they want.

Pitted against one another by the evil Georgina Sparks, natch.

Meanwhile, Carter Baizen had his own smear campaign to fight off, which he eventually did ... only to learn that Bree Buckley is out to get him as well!

Why? We don't yet know. But for a recap of all this and the rest of the action last night (and trust us, there's a lot), here's our official episode guide!

We're in the process of compiling all the best quotes from the evening, as well as a list of the cool music played during "The Lost Boy." Click to see!

Follow these links, too, for plenty of videos and pictures as well, then check back later for all the latest GG news, spoilers and our Round Table!

Steve Marsi is the Managing Editor of TV Fanatic. Follow him on Google+ or email him here.