Browse content similar to 03/05/2012. Check below for episodes and series from the same categories and more!
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Tonight at Ten: The plot to kill the US President, in Osama Bin | :00:13. | :00:18. | |
Laden's own words. Documents seized from the compound in Pakistan after | :00:18. | :00:21. | |
his death are selectively published by the Americans. | :00:21. | :00:25. | |
One year after the operation to track him down, Washington claims | :00:25. | :00:30. | |
he was active to the end. As a professional intelligence | :00:30. | :00:34. | |
officer, there is nothing you want more than to read the other guy's | :00:34. | :00:38. | |
mail if you can get ten years' worth to read at once, that is a | :00:38. | :00:41. | |
treasure-trove. There are more details of the | :00:41. | :00:47. | |
documents and we are asking about the timing of the release. | :00:47. | :00:54. | |
Heathrow: A bad April, every target was missed in dealing with targets. | :00:54. | :00:58. | |
And the Bank of England, signs of recovery ahead. | :00:58. | :01:02. | |
The pioneering surgery that gave two blind British men that gave | :01:02. | :01:05. | |
some of their sight back. And the record auction price for | :01:05. | :01:10. | |
one of the world's most recognisable paintings. | :01:10. | :01:15. | |
Coming up on Sportsday: The latest from the battle for the Premier | :01:15. | :01:23. | |
League spot next season, the chip play-offs are underway. | :01:23. | :01:33. | |
:01:33. | :01:38. | ||
-- the championship play-offs are Good evening. | :01:38. | :01:43. | |
Osama Bin Laden, who was shot dead by US forces last year had been | :01:43. | :01:46. | |
working on a plot to assassinate President Obama. The evidence | :01:46. | :01:50. | |
emerges from documents seized from his compound dem Pakistan and | :01:50. | :01:54. | |
selectively published by the US government. The papers suggest that | :01:54. | :01:59. | |
Osama Bin Laden was frustrated by the activity of some of his | :01:59. | :02:03. | |
followers and was worried about losing support among Muslims. | :02:03. | :02:08. | |
Frank Gardner has the details for The last days of Osama Bin Laden. | :02:08. | :02:14. | |
Hold up in the would compound in Pakistan, before he was kimed by US | :02:14. | :02:19. | |
Navy commandos last year. -- killed. Now we are getting a glimpse of the | :02:19. | :02:23. | |
so-called treasure-trove of the 6,000 documents seized from the | :02:23. | :02:26. | |
compound. One year on from President Obama authorising the | :02:26. | :02:30. | |
raid, the US is reminding the world in election year that they finally | :02:30. | :02:35. | |
got their man. The Osama Bin Laden feels -- files veal that he tasked | :02:35. | :02:43. | |
two groups, with the mission to spotting visits to Barack Obama, or | :02:43. | :02:48. | |
General Petraeus to target the aircraft of either one of them, but | :02:48. | :02:52. | |
Vice-President, Joe Biden, was not to be targeted. Osama Bin Laden | :02:52. | :03:00. | |
wanted him to be the President as he thought him incompetent. The | :03:00. | :03:06. | |
thought on the Al-Qaeda network are vealed rveeld. This man they | :03:06. | :03:11. | |
thought was out of control. He was on the run, in a sense, but | :03:12. | :03:18. | |
he was still very much in touch with his global terror empire. He | :03:18. | :03:22. | |
was frustrated, frustrated that it was under more pressure than it had | :03:22. | :03:26. | |
been before and frustrated with his subordinates who did not seem able | :03:27. | :03:30. | |
to learn lessons from the previous mistakes. | :03:30. | :03:36. | |
One of the declassified documents refers to British targets in | :03:36. | :03:46. | |
:03:46. | :03:49. | ||
Afghanistan, notably convoys going What merges here is that by the | :03:49. | :03:54. | |
time he was killed a year ago, Osama Bin Laden was struggling to | :03:54. | :03:59. | |
remain in control of Al-Qaeda. The organisation had fragmented, so | :03:59. | :04:03. | |
today its off shv shoots have sprung up independently, in | :04:03. | :04:07. | |
Pakistan, Yemen, in Iraq, in Somalia. There is no longer a firm | :04:07. | :04:12. | |
control of the top. The group is struggling to be | :04:12. | :04:17. | |
relevant. There are new outfits to have eemerged from the Al-Qaeda | :04:17. | :04:23. | |
shadow, to resource, to desire, to plot and to plan. | :04:23. | :04:27. | |
Intelligence reports locating Osama Bin Laden were promising... | :04:27. | :04:32. | |
decision to release the documents is significant. While President | :04:32. | :04:36. | |
Bush mentioned Osama Bin Laden less and less, Obama wants to remind | :04:36. | :04:39. | |
people that this is part of his legacy. | :04:39. | :04:44. | |
Osama Bin Laden too has a legacy, but it is fading. The infamous | :04:44. | :04:49. | |
bogey man who backed 9/11 and once terrified America is no more, his | :04:49. | :04:53. | |
organisation a shadow of what it once was. | :04:53. | :04:58. | |
Well, lots of the reaction to today's focus is not just on the | :04:58. | :05:03. | |
content of documents but on the timing of their release. Let's talk | :05:03. | :05:06. | |
to Mark Mardell in Washington. Mark, let's talk about the timing and | :05:06. | :05:12. | |
what you make of it. It is a reminder that Osama Bin | :05:12. | :05:14. | |
Laden was killed year ago. It is something that the White House are | :05:15. | :05:19. | |
keen to put their stamp on. Remember when it happened, | :05:19. | :05:22. | |
Americans gathered outside of the White House waving the stars and | :05:22. | :05:27. | |
the stripes. It was the one thing in the Obama administration that | :05:27. | :05:32. | |
brought just about all Americans together to celebrate. Now they are | :05:32. | :05:38. | |
portraying it not as something that happened as part of a bureaucratic | :05:38. | :05:41. | |
military grind, but as a specific decision by the President to go | :05:41. | :05:46. | |
after Osama Bin Laden, as a hard, tough risky decision to approve the | :05:46. | :05:53. | |
raids and so that they are saying against those who times -- | :05:53. | :05:58. | |
sometimes portray the President as a whimp, that he does take hard | :05:58. | :06:01. | |
decisions. Even more politicised, suggesting that Mitt Romney would | :06:01. | :06:06. | |
not have done the same thing, that really annoyed the Republicans. | :06:06. | :06:12. | |
Thank you very much. Every terminal at Heathrow Airport | :06:12. | :06:17. | |
missed its targets, almost daily last month for dealing with non- | :06:17. | :06:22. | |
European passengers. The data gathered by BAA that operates the | :06:22. | :06:27. | |
airport, indicates that some passengers queued for twice as long | :06:27. | :06:30. | |
at passport control. Border forces have been in talks with the | :06:30. | :06:37. | |
airlines to discuss plans for the hectic Olympic period. | :06:37. | :06:41. | |
Heathrow handles more international passengers than any airport on the | :06:41. | :06:45. | |
planet. In recent weeks, at times, | :06:45. | :06:48. | |
thousands have been queuing for hours at immigration. Figures from | :06:48. | :06:51. | |
the company that own the airport today show that travellers from | :06:51. | :06:54. | |
outside of the EU are suffering most. | :06:54. | :06:58. | |
The target waiting time is 45 minutes, but people have been | :06:58. | :07:03. | |
waiting as long as three hours. The queues have exceeded time limits at | :07:03. | :07:07. | |
four of Heathrow's terminals. With the worth being the newest, | :07:07. | :07:13. | |
Terminal 5. Where the target was missed on 23 occasions out of 30. | :07:13. | :07:17. | |
Queues of travellers are not the images that the Government wants to | :07:17. | :07:24. | |
project to the world in Olympic year. Passengers are not impressed. | :07:24. | :07:28. | |
Including one who arrived at Heathrow yesterday and worked on | :07:28. | :07:33. | |
another Olympics a decade ago. I find it troubling that my first | :07:33. | :07:38. | |
encounter coming to London so close to the Games was no help in | :07:38. | :07:41. | |
immigration. I hope it can be corrected. It is needless at this | :07:41. | :07:45. | |
point in time. The good news is that for the | :07:45. | :07:50. | |
British passengers they were not waiting anything longer than the 25 | :07:50. | :07:55. | |
minute target time, but that is no consolation for the foreign | :07:55. | :07:59. | |
visitors from outside of the European economic area. The roots | :07:59. | :08:03. | |
of the problem lie over immigration checks, the head of the Border | :08:03. | :08:08. | |
Agency, Brodie Clarke, here on the right with the Home Secretary, | :08:08. | :08:11. | |
resigned after relaxing passport inspections to cut the queues. The | :08:11. | :08:15. | |
checks were reinstated and the queues returned, forcing the | :08:15. | :08:19. | |
Government to act. The queues at Heathrow in April | :08:19. | :08:24. | |
were unacceptable. That is why we have taken action already. We have | :08:24. | :08:28. | |
80 people available at peak times that were in the there before. We | :08:28. | :08:33. | |
have mobile time teams that were before unable to move around. We | :08:33. | :08:38. | |
have a central controlroom so that we can tell where the problems are | :08:38. | :08:42. | |
looming. Tonight, the head of one of the | :08:42. | :08:48. | |
unions representing Border Agency staff represented a problem. | :08:48. | :08:53. | |
The airports are exposed. Everyone knows that they have cut too far. | :08:53. | :08:56. | |
Britain is looking embarrassed and frankly, the Olympics is a disaster | :08:56. | :09:00. | |
waiting to happen. By then another 400 immigration | :09:00. | :09:04. | |
officers will be in place, says the Government, but beyond that, | :09:04. | :09:10. | |
further budget cuts lie ahead. There are signs that the economy | :09:10. | :09:16. | |
will see a steady slow recovery this year, that prediction coming | :09:16. | :09:20. | |
from Sir Mervyn King. He made it despite figures that show that the | :09:20. | :09:26. | |
British economy is in recession. We look at the latest evidence at the | :09:26. | :09:29. | |
state of the economy. It is a bumpy ride for the UK | :09:29. | :09:34. | |
economy. One leading policy maker has a big say in how it is running. | :09:34. | :09:37. | |
That is Sir Mervyn King, the governor of the Bank of England. He | :09:37. | :09:41. | |
gave a rare broadcast interview. With inflation high and the UK | :09:41. | :09:44. | |
technically back in recession, he has faced criticism, but he | :09:44. | :09:49. | |
believes that growth is not far off. It is a patchy picture, but there | :09:49. | :09:54. | |
are signs of a recovery coming. We see that in the business surfaways | :09:54. | :09:57. | |
and also in the employment data. So a reasonable view would be that we | :09:57. | :10:02. | |
would start to see steady, slow recovery coming to you in the | :10:02. | :10:08. | |
course of the year. So do the small businessesly is a sign of recovery? | :10:08. | :10:14. | |
We spoke to two bosses in Nuneaton. Roy Hawkins knows all about the | :10:14. | :10:21. | |
housing market, he's an es teat agent. Susi Little is a floorest -- | :10:21. | :10:25. | |
he's an estate agent. Susi Little is a florist. | :10:25. | :10:29. | |
We have seen it flat. It is on the level. We have noticed no | :10:29. | :10:33. | |
significant ups or downs. It will drag on, I think, for about five | :10:33. | :10:38. | |
years, before we see some benefits. We have to hang in there and try to | :10:38. | :10:43. | |
make the best of what we can. I just feel that there is no quick | :10:44. | :10:47. | |
recovery. Some leaders of bigger businesses | :10:47. | :10:51. | |
are more optimistic and will probably share the Government's | :10:51. | :10:55. | |
assessment on growth, but few would disagree that there is still a | :10:55. | :11:00. | |
threat to the prosperity of Britain's High Streets, households | :11:00. | :11:05. | |
and businesses if there is a turn for the worse outside of the UK. | :11:05. | :11:09. | |
Yopbz pressures are mounting. Students faced with youth | :11:09. | :11:12. | |
unemployment, demonstrating in Barcelona. The security was tight | :11:12. | :11:18. | |
as the European Central Bank held a meeting of top policy makers in the | :11:18. | :11:21. | |
Spanish city. The worries are coming back in the | :11:21. | :11:24. | |
market, because of what is happening in Spain. So we are not | :11:24. | :11:28. | |
out of the woods in the eurozone. The central estimate is a positive | :11:28. | :11:33. | |
one. If we are knocked off target, I suspect it would be the eurozone. | :11:33. | :11:41. | |
A flair-up of the eurozone crisis would present a problem for the | :11:41. | :11:45. | |
markets. That is a worry for the governor of the Bank of England. He | :11:45. | :11:49. | |
will have to persuade the critics that it is up to the task in these | :11:50. | :11:56. | |
uncertain times. More than half of the share holders | :11:56. | :12:02. | |
at Britain's biggest insurers, Aviva, have opposed plans to award | :12:02. | :12:09. | |
big pay rises to senior management. The vote of the company's annual | :12:09. | :12:13. | |
meeting is not binding. There is still no decision on | :12:13. | :12:18. | |
whether British officials are to aten the European football | :12:18. | :12:23. | |
championships in the Ukraine. William Hague says he is disturbed | :12:23. | :12:28. | |
by recent events there and the allegedly brutal treatment of a | :12:28. | :12:38. | |
:12:38. | :12:42. | ||
Night to get Kiev's brand-new Olympic stadium ready in time for | :12:42. | :12:46. | |
the tournament. The key work is done, but Ukraine, where England | :12:46. | :12:55. | |
place all its group matches, wants to look at its best for Euro 2012. | :12:55. | :13:00. | |
Glossy promo videos welcome the world. It's a proud moment in this | :13:00. | :13:04. | |
young nation's history, but now several countries are wondering | :13:04. | :13:10. | |
whether their Ministers should stay away. Today Britain joined them. | :13:10. | :13:16. | |
The row is over the treatment of Yulia Tymoshenko, the face of the | :13:16. | :13:21. | |
Orange Revolution, famous for her plated blonde hair. She became | :13:22. | :13:24. | |
Prime Minister and narrowly lost the presidential election two years | :13:24. | :13:29. | |
ago, but is now in prison after a suspiciously political prosecution. | :13:29. | :13:34. | |
She appeared to have bruising on her arm and torso in these pictures | :13:34. | :13:38. | |
released last month. Her daughter told me she had been punched into | :13:38. | :13:42. | |
submission when she refused to leave her cell. Now she's on hunger | :13:42. | :13:47. | |
strike. She feels that it is the only way in her power now to | :13:47. | :13:56. | |
protest. It is the only way she can show the world that this has gone | :13:56. | :14:00. | |
too far. Now there's a serious risk of a political boycott of Euro 2012. | :14:00. | :14:04. | |
The leaders of several European countries have said they won't be | :14:04. | :14:08. | |
coming for the football unless the treatment of Yulia Tymoshenko | :14:08. | :14:13. | |
improves. The Foreign Secretary, William Hague, said Britain found | :14:13. | :14:17. | |
her trial disturbing. There's a political problem in the Ukraine. | :14:17. | :14:21. | |
One that I raised with the Foreign Minister of Ukraine. We're | :14:21. | :14:25. | |
disturbed about some of the trials that have taken place. In light of | :14:25. | :14:29. | |
that I asked the Foreign Minister what concessions they might make. | :14:30. | :14:33. | |
He just said Ukraine was listening but pleaded with his European | :14:33. | :14:38. | |
colleagues not to mix football with politics. The Championship is not | :14:38. | :14:44. | |
for politicians' benefit, and not for making statements or a stance. | :14:44. | :14:49. | |
It is here to enjoy a good play. They're here to support their teams. | :14:49. | :14:53. | |
At one point this week there was even talk of moving the | :14:53. | :14:58. | |
Championships. What should have been a month of celebration for | :14:58. | :15:03. | |
Ukraine now threatens to be a month of controversy. | :15:03. | :15:05. | |
Coming up on tonight's programme: Why fine art is increasingly the | :15:06. | :15:14. | |
investment of choice for many wealthy collectors. Art is a | :15:14. | :15:20. | |
brilliant alternative to money. Cash is trash. So long as it's | :15:20. | :15:26. | |
paying zero at the bank,. Two British men who have been blind | :15:26. | :15:29. | |
for many years have had their sight partially restored after pioneering | :15:29. | :15:33. | |
surgery. The men have had light- sensitive microchips fitted behind | :15:33. | :15:38. | |
the retina, and they're now able to make out light and shapes. It's the | :15:38. | :15:41. | |
first time that British patients who have been totally blind have | :15:41. | :15:51. | |
:15:51. | :15:52. | ||
regained some of their sight, as Fergus Walsh reports. Do take a | :15:52. | :15:58. | |
seat in this chair for me, please. Just six weeks ago Chris James was | :15:58. | :16:05. | |
totally blind. Now he can perceive light. This box powers his implant | :16:05. | :16:10. | |
but it's what's under his scalp which is amazing. This X-ray shows | :16:10. | :16:14. | |
the computer processor above his ear, linked bay cable to the | :16:14. | :16:21. | |
implant behind his retina. The wairf thin -- wafer thin chip is | :16:21. | :16:26. | |
just 3mm square. Compare this sight test before the implant was fitted | :16:26. | :16:30. | |
when he had no vision. No, there is nothing I can make out. Nothing at | :16:30. | :16:38. | |
all? No. With this one, after, now he can perceive light... It seems | :16:38. | :16:42. | |
to have a curve. And even the outlines of shapes. I find it very | :16:42. | :16:47. | |
exciting really. We know the optic nerve is working, which is the most | :16:47. | :16:50. | |
important thing, or this trial wouldn't be able to go ahead. It is | :16:50. | :16:55. | |
now a question of teaching the brain to wake up and interpret what | :16:55. | :16:59. | |
the flashes of light are telling me. Chris is one of thousands of people | :16:59. | :17:03. | |
in the UK with retinitis pigmentosa, the light-processing cells in his | :17:03. | :17:10. | |
eye no longer function. The 1,500 pixel retinal chip sends electronic | :17:10. | :17:16. | |
signals direct to the optic nerve and from there to the brain. | :17:16. | :17:20. | |
Getting the implant in place required a steady hand at the | :17:20. | :17:26. | |
Oxford Eye Hospital. The operation lasting several hours. This surgery | :17:26. | :17:30. | |
is the culmination of years of research here and in Germany, where | :17:30. | :17:35. | |
the implant is made. Up to 12 British patients will have the chip | :17:35. | :17:41. | |
fitted as part of a major trial of this truly innovative technology. | :17:41. | :17:44. | |
think this is an amazing development. Here we are talking | :17:44. | :17:48. | |
about a patient who was completely blind able to see. We are talking | :17:48. | :17:52. | |
about something that's here or now, not what might be achievable in | :17:52. | :17:57. | |
five other ten years but is happening now. Switch the machine | :17:57. | :18:02. | |
on. It comes on instantly. The flashing is starting now... | :18:02. | :18:07. | |
second patient showed me how the implant enables limb to perceive | :18:07. | :18:10. | |
light. And there's been another unusual benefit. The biggest upside | :18:10. | :18:16. | |
for me is that I'm dreaming in colour for the first time for 25 | :18:16. | :18:23. | |
years. Intense, bright colour. It is an extraordinary thing. Retinal | :18:23. | :18:27. | |
implants have been compared to early grainy photography but with | :18:27. | :18:34. | |
the hope of restoring clear vision for future generations of patients. | :18:34. | :18:37. | |
The Chinese human rights activist at the centre of a diplomatic | :18:37. | :18:39. | |
stand-off between Beijing and Washington appears to be under a | :18:40. | :18:43. | |
form of detention in hospital tonight in Beijing. Chen Guangcheng | :18:43. | :18:46. | |
says the Chinese authorities have broken the terms of a deal under | :18:46. | :18:48. | |
which he agreed to leave the US embassy, where he'd sought | :18:49. | :18:55. | |
sanctuary after escaping from house arrest. | :18:55. | :18:58. | |
In the Nuba mountains of Sudan, violence between Government troops | :18:58. | :19:00. | |
and opposition fighters have forced more than 70,000 people from their | :19:00. | :19:03. | |
homes in the past few weeks, greatly increasing the pressure on | :19:03. | :19:06. | |
aid organisations to provide food, water and shelter and save lives. | :19:06. | :19:15. | |
Most of the refugees are in camps across the border in south Sudan. | :19:15. | :19:25. | |
:19:25. | :19:25. | ||
From there the BBC's Andrew Harding sent this report. On a dirt track a | :19:26. | :19:30. | |
weary family, driven on by fear and desperation. They've been walking | :19:30. | :19:36. | |
for days. And thousands more are coming, fleeing for their lives. | :19:36. | :19:46. | |
Why did you come here? Hunger, she says, too tired to elaborate. This | :19:46. | :19:51. | |
is what she's escaping from. Danger overhead. GUNFIRE | :19:51. | :19:57. | |
In the Nuba mountains the bombs are falling every day. Get down! He | :19:57. | :20:02. | |
says. The Sudanese Government is not only trying to crush an armed | :20:02. | :20:07. | |
rebellion but bringing an entire population to its knees. Hiding in | :20:07. | :20:12. | |
caves from the circling planes, tens of thousands now live like | :20:12. | :20:15. | |
this. It's too dangerous to go out to farm, so they can't feed | :20:15. | :20:19. | |
themselves, and foreign aid is not allowed in. And so whole | :20:20. | :20:23. | |
communities are trying to leave, crossing the border into south | :20:23. | :20:28. | |
Sudan, in growing numbers. There is another family just arriving now, | :20:28. | :20:32. | |
joining the other exhausted people here. It's pretty clear these | :20:33. | :20:38. | |
people are being targeted by a military campaign that's designed | :20:38. | :20:47. | |
to terrorise and displace civilians. Long queues to register at this | :20:47. | :20:57. | |
refugee camp. All have their scars from the bombings. Halima tells me | :20:57. | :21:00. | |
she had to leave behind two of her children, who were too young to | :21:00. | :21:04. | |
make the journey. A bomb killed her husband. With each passing week, | :21:04. | :21:09. | |
the condition of those arriving gets worse. There is help for them | :21:09. | :21:16. | |
here, but growing fear for those left behind in Nuba. What were you | :21:16. | :21:25. | |
eating? She said we were just eating things from the trees. Is | :21:25. | :21:31. | |
this getting worse? Yes. Every day we receive them, a lot of them. | :21:31. | :21:37. | |
more and more? Yes, more and more, and others are dying on the way | :21:37. | :21:41. | |
coming here. A dangerous journey here, then, but the camp is filling | :21:41. | :21:45. | |
up fast, as terror and hunger make their deliberate way through the | :21:45. | :21:51. | |
Nuba mountains. The polls closed some 20 minutes | :21:51. | :21:53. | |
ago in today's local and mayoral elections. There are 5,000 seats | :21:53. | :21:55. | |
being contested in local authorities in England, Scotland | :21:55. | :21:58. | |
and Wales, while London, Liverpool and Salford are electing a mayor. | :21:58. | :22:01. | |
Ten cities in England are holding referendums on whether they too | :22:01. | :22:06. | |
should have elected mayors in future. Our political editor, Nick | :22:06. | :22:16. | |
:22:16. | :22:18. | ||
Robinson, is with me. I am wondering do we have any early | :22:18. | :22:23. | |
signals of any kind? And what's at stake for the leaders? What's at | :22:23. | :22:27. | |
stake is just the huge number of people voting. It is easy to forget | :22:27. | :22:32. | |
everybody in Scotland has a vote. Almost everybody in Wales, except | :22:32. | :22:35. | |
those in Langle see, everyone in London, four in ten in England. | :22:35. | :22:40. | |
What do we know so far? The Tories are hoping that a pretty miserable | :22:41. | :22:44. | |
night will be made slightly better tomorrow when Boris Johnson gets | :22:45. | :22:48. | |
re-elected as Mayor of London. Nobody's prepared to quite call it | :22:48. | :22:51. | |
but that is their expectation. The Luton Airport are prepared for that | :22:51. | :22:56. | |
as being a bit of bad news for them. Maybe a bit of bad news against the | :22:56. | :23:00. | |
no-one in Scotland too, but they'll be able to hail many, many hundreds | :23:00. | :23:06. | |
of new Labour councillors and want to point to the Birminghams and the | :23:06. | :23:11. | |
Harrows and Readings, places where they'll get councils gained. The | :23:11. | :23:14. | |
Liberal Democrats to be honest are simply saying, "I hope the pain is | :23:14. | :23:19. | |
a bit less than it was a year ago." The winner of the election we | :23:19. | :23:23. | |
already know. It's the people who don't believe that politics makes a | :23:23. | :23:27. | |
lot of difference. It is those who are angry or apathetic or don't | :23:27. | :23:32. | |
want to vote. There'll be a poor turnout on a pretty wet day. Ruft | :23:32. | :23:36. | |
results of that is many of the ref ruments on a future Mayor will be | :23:36. | :23:44. | |
lost. Indeed those campaigning that Britain's second biggest city | :23:44. | :23:48. | |
should have a Mayor, they don't expect to win. | :23:48. | :23:52. | |
And you can see all the results as they come in on "Vote 2012" with | :23:52. | :23:58. | |
David Dimbleby, starting at 11.35pm on BBC One. | :23:58. | :24:01. | |
One of the world's most recognisable works of art, The | :24:01. | :24:04. | |
Scream by Edvard Munch, has been sold at auction for �74 million, | :24:04. | :24:09. | |
setting a new world record. The rapid bidding was driven by a | :24:09. | :24:12. | |
number of international collectors, but the identity of the buyer is | :24:12. | :24:15. | |
not known. Our arts editor, Will Gompertz, takes a look at the | :24:15. | :24:25. | |
:24:25. | :24:28. | ||
changing nature of the art market. Edvard Munch made four versions of | :24:28. | :24:34. | |
his famous The Scream. These three are in Norwegian museums. This one | :24:34. | :24:38. | |
from 1895, the only version to be in private ownership, went on sale | :24:38. | :24:44. | |
last night in New York. Now to a major moment... After 12 minutes of | :24:44. | :24:53. | |
entertaining theatre... $99 million, I have all the time in the world... | :24:53. | :24:57. | |
It was... Sold! The record-breaking sum of �74 million. That is a lot | :24:57. | :25:05. | |
of money for a picture in pastel on a piece of board. According to | :25:05. | :25:10. | |
experts at Sotheby's in London, once an artwork's authenticity are | :25:10. | :25:14. | |
established five things determine its value. The first is the rarity | :25:14. | :25:19. | |
of the piece. The second is the reputation of the artist, the third | :25:19. | :25:24. | |
is the condition. Fourthly is confidence in the marketplace, and | :25:24. | :25:28. | |
fifth, the amount of people who want to buy the artwork. That's the | :25:28. | :25:32. | |
element that's changed the most. Never has there been so many people | :25:32. | :25:39. | |
in the market for high-quality modern art. I think 15 years ago we | :25:39. | :25:45. | |
had a much smaller audience ians. Maybe would have had a French | :25:45. | :25:49. | |
collector underneath that. But now it is far more global. We are more | :25:49. | :25:58. | |
likely to see buyers from as many as 50 countries, underbought by the | :25:58. | :26:04. | |
Chinese and outbid by a Middle Eastern buyer. It provides the | :26:04. | :26:08. | |
superrich with a sound investment. Art is a brilliant alternative to | :26:08. | :26:15. | |
money. Cash is trash. So long as its paying zero at the bank, UK-US, | :26:15. | :26:22. | |
around the world. Wall Street is a pit, a danger that goes up and then | :26:22. | :26:27. | |
down. Art masterpieces, they are bankers, like great diamonds. You | :26:27. | :26:32. | |
can't fail. The buyer of this work isn't yet known, but should he or | :26:32. | :26:38. |