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Party On for Armani... Pilati Casts Pitt... Earnest Sewn's Art Supplies...

Whether it's the impact of the economy or another reason, there will be far fewer parties during New York Fashion Week next month.

THE KIDS ARE ALRIGHT: Selfridges’ Ultralounge will be the site of a youthquake with a series of exhibitions curated by Mary McCarthy and starting next month. “ArtCore,” which launches Feb. 13, will showcase visual documentation of the acid house and rave movement, which began in the Eighties. Posters and flyers of vivid yellow smiley faces and dancing robots that promoted clubs such as Hacienda, Raindance and Tribal Gathering will be on display. Next up, is “Urban Art,” a show that will feature works by graffiti artists Banksy and Blek Le Rat and the artists’ collective Faile. Everything on exhibit will be auctioned at the Ultralounge on Feb. 26, with proceeds going to Prince Charles’ youth charity, Prince’s Trust.

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