The ever-diligent Karl Lagerfeld is brushing up on his Scottish history as he prepares for Chanel’s next fashion show, which will be staged on December 4 at Linlithgow Palace, a 15-century ruined palace located near Edinburgh. “I’m studying everything about the history of Scotland,” he told WWD, “because I like to arrive informed.” [WWD]

Greg Chait, founder of The Elder Statesman, is this year’s CFDA/Vogue Fashion Fund winner. The honor comes with a $300,00o prize and the opportunity to work with a heavy-hitter in the fashion industry. [Fashionista]

Those who don’t want to commit to buying an entire bottle of luxury nail polish (think Tom Ford, Dior, Deborah Lippmann) can now rent colors for 30 days at a stretch thanks to Lacquerous, a new nail polish-sharing company that’s kind of like Netflix. [Time]

Being the first lady of the United States never seemed that appealing to us until we learned that Michelle Obama didn’t have to wait until January 6 to watch season three of our favorite show, “Downton Abbey.” Guess being married to the leader of the free world has some perks. [The Cut]

An auction of items worn by Joanna Lumley, aka Patsy Stone, in “Absolutely Fabulous” brought in nearly $24,000 for the Prince’s Trust, an organization that raises money for disadvantaged children. [The Telegraph]

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Image: Karl Lagerfeld/© Patrick McMullan

Tags: Chanel, Downton Abbey, Karl Lagerfeld, Michelle Obama, Nail Polish, The Haute List