Watch: The decadent new ‘Great Gatsby’ trailer

Lauded filmmaker, hype-professional and noted perfectionist, Baz Lurhmann, has bestowed his now-salivating legion of fans (and every teenager who would’ve otherwise been relegated to reading the book) with a brand new trailer for his awaited Great Gatsby appropriation.

The second preview of Lurhmann’s latest visual treat is a two and a half minute display of delectable decadence, beefing out the story’s characters and arcs while showcasing more of his flawless craftsmanship.

Opening with a laconic series of long shots and close-ups of Leonardo Di Caprio as the story’s title character, the audience is immediately thrown into the story’s high-adrenaline tale of heroism, hedonism and heartbreak.

The opulent Roaring Twenties, its famous jazz culture and succession of wild parties are chronicled, while Tobey Maguire’s Nick Carraway’s apprehensive “I had the uneasy feeling he [Gatsby] was guarding secrets” sets up the Lurhmann-esque re-imagination of what was previously a slightly un-sexy high-school rite of passage.

Gatsby’s salacious affair with the married Daisy Buchanan (Carey Mulligan) is given a significant amount of air time, while the epic adaptation seems reminiscent of both Moulin Rouge and Romeo and Juliet in style – Kanye West and Jay-Z’s “No Church in the Wild” and Florence and The Machine’s “Bedroom Hymns” are blurred beautifully into the would-be period drama.

The impressively extravagant tailer has not been without issues though. The film (not this hypnotic feature-length trailer) was actually set to air in cinemas this week, but was pushed back to a May 2013 release due to time constraints, and the purported fear of competing with Tarantino’s Django Unchained and Hooper’s Les Misérables. The move, according to critics, may hurt Lurhamann's Oscar chances. We think it looks too good to forget.

The Great Gatsby enlivens F. Scott Fizgerald's famously tragic novel about Nick Carraway – a war veteran who has moved to New York for work. The protagonist becomes fixated with neighbour Jay Gatsby’s mystique, and the aloof title character befriends Carraway, exposing him to unprecedented levels of opulence, criminal and overwrought emotional fraughts.

The film stars Leonardo DiCaprio, Tobey Maguire, Carey Mulligan, Joel Edgerton and Isla Fisher and was shot in Sydney over a five month period from September 2011.

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