Words that come to mind when I think of Valentino ad campaigns: beautiful, cheeky, fierce. I loved its funny bag-covering-face concept in Spring/Summer '08 and Spring/Summer '09 with Stephanie Seymour. The new word to add to that mix is nude. The house's Fall campaign, shot by David Sims, features models Freja Beha Erichsen, Monika Jagaciak, and Tati Cotliar, in the buff. More specifically, it has two side-by-side shots of the same girl, one where she’s clothed in Valentino and one where she's nakie. Smart concept, but do you like the execution?