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| The Art Market Blog is owned and written by art market analyst, journalist and presenter Nicholas Forrest who is based in Sydney, Australia. The Art Market Blog has been created as a hub for information and advice on art investment for all levels of investor. | Moody's Investors Service is among the world’s most respected and widely utilized sources for credit ratings, research and risk analysis. Moody’s commitment and expertise contribute to stable, transparent and integrated financial markets, protecting the integrity of credit. In addition to our core ratings business, Moody’s provides research data and analytic tools for assessing credit risk, and publishes market-leading credit opinions, deal research and commentary, serving more than 9,300 customer accounts at some 2,400 institutions around the globe. | SOPHISTICATED INVESTOR - Profile
The 'middle-class millionaire' - Those with net worth of $1 million to $10 million reshape U.S. culture
By Thomas Kostigen, MarketWatch - Last update: 7:31 p.m. EST March 5, 2008
SANTA MONICA, Calif. (MarketWatch) -- Those with a net worth of between $1 million and $10 million -- that they have earned rather than inherited -- are being dubbed "middle-class millionaires," a group that has grown on the heels of the economic boom over the past couple decades.
Middle-class millionaires now account for 10% of the U.S. population, according Russ Alan Prince and Lewis Schiff, who coined the term for research purposes and a new book by that name. They studied almost 4,000 households to better understand attitudes, values and purchasing patterns.
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7.6% of American households, or 8.4 million households are middle-class millionaires
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The average middle-class millionaire works 70 hours per week
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Middle-class millionaires are five times more likely than the average worker to say they are always available for work
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89% believes that anyone can attain wealth through hard work
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62% believes that networking, or knowing many people, is the key to financial success
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Nine out of 10 middle-class millionaires say they made a bad career or business move, but almost three-fourths say that was crucial to their business success
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They are five times more likely than the average middle-class person to continue on in the same business course in spite an earlier failure
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65% of middle-class millionaires characterize their approach to negotiating as "doing whatever you need to do to win"
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They say they need a net worth of $24 million to feel wealthy, and $13.4 million to be considered rich.
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| Bruges and The Flemish Primitives - Connoisseurs and the general public alike are well aware that the collective name 'Flemish Primitives', used to designate the artists of the fifteenth-century Southern Netherlands, is not intended to be pejorative. This rather misleading name for what is, for the most part, a highly accomplished body of late-medieval and pre-Renaissance paintings, arose in the nineteenth century. It expresses the Romantics' sense of nostalgia for the pure, spiritual and innovative character of this monumental, technically innovative and highly skilled school of oil painting. | Collection Privée - Professional Guidance through the World of Fine Art Investment
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