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RackedWire: Live Shepard Fairey Installation in Times Square; More on the YSL Sale

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TIMES SQUARE—This Thursday, to promote the launch of his clothing line Obey's collaboration with Levi's, Shepard Fairey will install a new work of public art outside the Levi's store. From 7pm to midnight, watch Fairey, the street artist behind the Obama "Hope" picture and a million Andre the Giant stickers, as he sets up the installation, and maybe get him to sign one of the four free posters he created for the event. We will admit that deep inside of us there is a teenager in a Nirvana t-shirt who thinks it doesn't count as street art if Levi's is sponsoring you to do it to their own storefront, but hey, free posters! [Racked Inbox]

CHELSEA—One of our YSL tipsters, still glowing from his experience, sent us even more information about today's friends and family sale. To enter, shoppers had to get past a row of black-clad women with clipboards guarding the fourth floor. "But once you get in," swoons our tipster, "it's like heaven." Staffers are friendly and informative, the line to pay moves quickly, and the selection is amazing—gorgeous long cashmere scarves for $100, YSL Tribute heels, tons of jewelry, and even fine $10 cashmere socks for the broke but discerning. Some things to know for tomorrow: 1) There's a bag check, so pack light. 2) While dressing rooms were available for women, men were left out in the cold. And 3) all afternoon, a slew of uninvited people waiting patiently in the rain for the mere chance of slipping past the door guards, which means the line is going to be brutal tomorrow at 8am when the sale opens to the public. Naturally, we'll be liveblogging it—stay tuned. [RackedWire; Previously]