Browse content similar to 03/05/2012. Check below for episodes and series from the same categories and more!
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This is BBC World News Today with me Zeinab Badawi. Delving into the | :00:10. | :00:16. | |
mind of Osama bin Laden. 17 letters are released by the US seized from | :00:16. | :00:26. | |
:00:26. | :00:26. | ||
his compound. Nicolas Sarkozy and Francois | :00:26. | :00:29. | |
Hollande keep up the frantic campaigning fighting for every vote | :00:29. | :00:32. | |
in the French presidential election. In Ukraine, they're preparing to | :00:32. | :00:35. | |
welcome the crowds for Euro 2012 - but there's a growing crowd of EU | :00:35. | :00:42. | |
ministers who say they won't attend. Also coming up in the programme: We | :00:42. | :00:45. | |
have a special report on the long drawn-out war in Sudan's Nuba | :00:45. | :00:47. | |
Mountains, where a bombing campaign by the government is forcing | :00:47. | :00:57. | |
thousands to flee. It is pretty clear that these people are being | :00:57. | :01:03. | |
targeted by a military campaign that is designed to terrorise | :01:03. | :01:07. | |
civilians. And the Scream - one of the world's | :01:07. | :01:10. | |
most famous paintings is sold for a record price at auction. Investment | :01:10. | :01:20. | |
:01:20. | :01:26. | ||
Hello and welcome. 17 documents seized from Osama Bin Laden's | :01:26. | :01:29. | |
compound in the Pakistani city of Abbotobad have been released by the | :01:29. | :01:35. | |
US authorities. They were among 6,000 papers taken and they seem to | :01:35. | :01:40. | |
give some insights into how Osama bin Laden operated. In one document | :01:40. | :01:43. | |
he apparently refuses a request by the militant Somali group, Al- | :01:43. | :01:48. | |
Shabaab to unite with al Qaeda. And in his last letter a week before | :01:48. | :01:52. | |
his death Bin Laden writes about the Arab Spring. The BBC's Security | :01:52. | :02:00. | |
Correspondent Frank Gardener has been examining the papers. | :02:00. | :02:04. | |
The last days of Osama Bin Laden, holed up in his compound in | :02:04. | :02:10. | |
Pakistan, before he was killed by US commandos last year. Now we're | :02:10. | :02:14. | |
getting a glimpse of the treasure trove of documents grab from that | :02:14. | :02:24. | |
:02:24. | :02:31. | ||
compound. He'd asked to groups with a mission of spotting the visits of | :02:31. | :02:35. | |
Obama or Petraeus to target the aircraft that either one of them | :02:35. | :02:41. | |
was carrying. They are not regarded visits by but vice-president. The | :02:41. | :02:45. | |
plan was for Joe Biden to take over as President, believing he was | :02:45. | :02:50. | |
incompetent and would lead to the US into crisis. Every incident | :02:50. | :02:55. | |
looks at his anniversary to figure out how you can conduct a military | :02:55. | :02:59. | |
strike that has operational significance, but has enormous | :02:59. | :03:05. | |
political significance. Terrorism, insurgency, it is at its heart. It | :03:05. | :03:11. | |
is a political contest as opposed to military contest. One of the | :03:11. | :03:19. | |
detested by document refers to British targets in Afghanistan. -- | :03:19. | :03:29. | |
:03:29. | :03:30. | ||
It emerges here that by the time he was killed a year ago, he was | :03:30. | :03:34. | |
struggling to remain in control of Al-Qaeda. The organisation had | :03:34. | :03:38. | |
already fragmented, so today, offshoots had sprung up | :03:38. | :03:43. | |
independently in Pakistan, Iraq, and Somalia. There is no longer a | :03:43. | :03:49. | |
firm control at the top. Keep in mind, Al-Qaeda was already on the | :03:49. | :03:53. | |
decline before the death of Osama Bin Laden, but the group is still | :03:53. | :03:58. | |
struggling to be relevant. They renew outfits that have their own | :03:58. | :04:01. | |
leadership, their own financing and resources and desire to plot and | :04:01. | :04:06. | |
plan a mass casualty attacks. They do not need Al-Qaeda to do this, | :04:06. | :04:10. | |
but they are suddenly motivated by the ideology of Osama Bin Laden, | :04:10. | :04:13. | |
and that is the most relevant aspect to this. That legacy will | :04:13. | :04:19. | |
take a long time to fade. He was a highly charismatic figure for many, | :04:19. | :04:23. | |
and in that sense it is surprising that the United States has chosen | :04:23. | :04:28. | |
to revive his memory today. But then, the man that back to 9/11 and | :04:28. | :04:35. | |
terrified America is no longer. And we will have reaction on this | :04:35. | :04:38. | |
story in a short while. Campaigning continues in the French | :04:38. | :04:40. | |
presidential elections, with the incumbent Nicolas Sarkozy and his | :04:40. | :04:44. | |
socialist rival Francois Hollande both holding rallies today. Mr | :04:44. | :04:47. | |
Hollande is still the favourite to win, but much depends on what the | :04:47. | :04:52. | |
supporters of Marine Le Pen's National Front do. The BBC's | :04:52. | :04:55. | |
Christian Fraser is in Nimes in the south of France where the far-right | :04:55. | :05:03. | |
made huge gains in the first round vote. | :05:03. | :05:10. | |
Christin, tell us or what you're finding out? This has perjurer | :05:10. | :05:14. | |
perfect, France in the deep south of the country. -- This is picture- | :05:14. | :05:18. | |
perfect. They feel that their way of life is under threat from | :05:18. | :05:23. | |
emigration, globalisation and unemployment. This is where the | :05:23. | :05:27. | |
Front Nationale did particularly well. In no other area did they | :05:27. | :05:31. | |
finished top of the pile, but they did here. It is around places like | :05:31. | :05:36. | |
this where they found particular success. We have been to a local | :05:36. | :05:40. | |
village, a pretty little village, to find out what people made of the | :05:40. | :05:44. | |
crucial televised debate last night, and why they voted for Marine La | :05:44. | :05:49. | |
Pen? In the market, the Socialists are | :05:49. | :05:53. | |
fishing for votes. The stalls are busy, but in the last five years, | :05:53. | :05:59. | |
the local economy has gone flat. In 2007, the left took nearly half of | :05:59. | :06:07. | |
the first-round votes. The Front Nationale limped home with 7%, this | :06:07. | :06:14. | |
time they were top with 20 %. People are shocked and the local | :06:14. | :06:19. | |
councillor is you to learn lessons. TRANSLATION: People said they have | :06:19. | :06:22. | |
had enough, they do not feel safe, they have no money in their pockets, | :06:22. | :06:28. | |
they are unemployed. Many people without jobs in this area. | :06:28. | :06:32. | |
It is the kind of isolated village that the Front Nationale targeted | :06:32. | :06:36. | |
around the country, where factories have closed, and disillusion has | :06:36. | :06:42. | |
grown in their place. We are worried that these things are going | :06:42. | :06:48. | |
to go. The big difference. Will you vote in the second round? It is | :06:48. | :06:54. | |
possible, you know. I want to change President, that is it. | :06:54. | :07:00. | |
quarter of the people that voted last week under the age of 35 | :07:00. | :07:03. | |
turned out for the Front Nationale. Typically, they are white, working- | :07:03. | :07:07. | |
class, many of them are a first- time voters. They are disillusioned | :07:07. | :07:13. | |
with the two main parties and are motivated by the much simpler | :07:13. | :07:17. | |
populist rhetoric of Marine La Pen, and so popular is that message, it | :07:17. | :07:22. | |
has suddenly drifted into the political mainstream. The two men | :07:22. | :07:27. | |
who debated live on television last night and not inspiring the | :07:27. | :07:31. | |
wavering voters. In those parts they only see the broking Bros... | :07:31. | :07:39. | |
Broken promises. Marine La Pen refused to support either candidate, | :07:39. | :07:49. | |
and one will eventually abstained. TRANSLATION: Marine La Pen wants to | :07:49. | :07:53. | |
demolish the classics centre-right to France and build a hard right in | :07:53. | :08:00. | |
its place. Rural France was built on traditional industry, and all | :08:00. | :08:05. | |
have taken a battering. They long for the old certainties here. If | :08:05. | :08:11. | |
anger is the theme of this election, then nostalgia comes a second -- a | :08:11. | :08:16. | |
close second. It is the last day of campaigning | :08:16. | :08:20. | |
tomorrow, a rest day on Saturday, and we're looking at the | :08:20. | :08:24. | |
mathematics of the first round at where it splits and which candidate | :08:24. | :08:27. | |
might take the votes that went to the other fringe candidates. | :08:27. | :08:36. | |
Tonight, devastating news for the Sarkozy camp, because one of the | :08:36. | :08:40. | |
opposition has come out in favour of Mr Hollande. He is giving you | :08:40. | :08:44. | |
the direction to his supporters, so if you take the votes of the far- | :08:44. | :08:50. | |
left and his votes that went to the other candidates, you can see that | :08:50. | :08:56. | |
the mathematics are looking very bad indeed for or President Sarkozy. | :08:56. | :09:00. | |
Now a look at some of the days other news. The United States has | :09:00. | :09:02. | |
acknowledged that the blind Chinese dissident, Chen Guangcheng, wants | :09:02. | :09:05. | |
to leave China, in a case that's overshadowed high level talks | :09:05. | :09:08. | |
between the two countries in Beijing. A state department | :09:08. | :09:12. | |
spokeswoman said it was clear that Mr Chen and his wife had had a | :09:12. | :09:15. | |
change of heart since he left sanctuary in the US embassy on | :09:15. | :09:19. | |
Wednesday. Mr Chen told the BBC that he wanted to discuss his plans | :09:19. | :09:24. | |
further with US officials. At least 34 people have been killed | :09:24. | :09:28. | |
in an attack in Nigeria on a cattle market in the town of Potiskum, in | :09:28. | :09:32. | |
Yobe State. Eyewitnesses say gunmen locked the gate of the fenced | :09:32. | :09:37. | |
market, trapping traders and cattle inside, then started shooting. They | :09:37. | :09:43. | |
also set the enclosure on fire in what appears to be a revenge attack. | :09:43. | :09:46. | |
The head of the Catholic Church in Ireland, Cardinal Sean Brady, is | :09:46. | :09:50. | |
coming under intense pressure to resign. A number of senior | :09:50. | :09:53. | |
politicians have called on him to step down following revelations in | :09:53. | :09:56. | |
a BBC documentary about his role in a secret child abuse inquiry in | :09:56. | :10:02. | |
1975. He was among a small group of priests who knew the names of | :10:02. | :10:05. | |
children being abused - but failed to inform the police or their | :10:05. | :10:12. | |
parents. Let's return now to our top story - | :10:12. | :10:15. | |
the release by the US authorities of a few of the thousands of | :10:15. | :10:18. | |
documents, they seized from the home of Osama Bin Laden in Pakistan | :10:18. | :10:22. | |
last year. To talk some more about this we are joined from Washington | :10:22. | :10:26. | |
by Bruce Riedel, who was a senior advisor on South Asia and the | :10:26. | :10:28. | |
Middle East to the last four presidents of the United States, | :10:28. | :10:32. | |
when he was part of the National Security Council at the White House. | :10:32. | :10:37. | |
He's currently at the Brookings Institution in Washington. And we | :10:37. | :10:39. | |
are also joined by Huma Umtiaz, the Washington Correspondent for | :10:39. | :10:49. | |
Pakistan's Express News Newspaper. Breeze, there is a caveat, just 17 | :10:49. | :10:54. | |
documents released from 6,000 taken, can you glean much about this and | :10:54. | :11:00. | |
give us insight from the mind of a Summer Bin Laden? I think it is a | :11:00. | :11:07. | |
very small sample and we need to bear that in mind. What we can see | :11:07. | :11:12. | |
here is that he may have been in hiding, but he was certainly not | :11:12. | :11:15. | |
add of communication. He was communicating with his lieutenant | :11:15. | :11:20. | |
and his advisers from across the Islamic world, from Pakistan, from | :11:20. | :11:25. | |
Somalia, from Indonesia, from other places. He was increasingly | :11:25. | :11:30. | |
frustrated, because then the last few years, his organisation has | :11:30. | :11:34. | |
come under unprecedented levels of pressure from the United States and | :11:34. | :11:39. | |
other Western allies and it was showing. He was frustrated that his | :11:39. | :11:43. | |
new tenants did not seem to get it. They often did not recognise the | :11:43. | :11:48. | |
lessons they should have learnt from previous mistakes and the | :11:48. | :11:51. | |
biggest lesson may seem to not get was that killing innocent Muslims | :11:51. | :11:57. | |
is not going to achieve the goals of Al-Qaeda and it leads to a | :11:57. | :12:02. | |
backlash against Al-Qaeda in Iraq, Pakistan and other places. | :12:02. | :12:07. | |
Pakistan, does that ring true with this interpretation of these | :12:07. | :12:12. | |
documents that perhaps, some of the killings carried out by the Taliban | :12:12. | :12:18. | |
in Pakistan, but somehow, it was Osama Bin Laden wish to | :12:18. | :12:23. | |
disassociate himself from that? you look at the letter written by | :12:23. | :12:30. | |
Itsu Al-Qaeda commanders, they both admonished attacks in mosques and | :12:30. | :12:33. | |
market places and said they Muslim should not be used as a shield and | :12:33. | :12:37. | |
this is something that Bin Laden referred to as well. They were | :12:37. | :12:43. | |
upset at the way that the Taliban were conducting themselves in | :12:43. | :12:49. | |
Pakistan. One of the documents were not complying with Cherie a law. | :12:49. | :12:53. | |
Al-Qaeda were trying to distance themselves from attacks carried out | :12:54. | :13:00. | |
in Pakistan over many years. At one point, at the Taliban and Al-Qaeda | :13:00. | :13:07. | |
were very close, the leader and Bin Laden, following Pakistan as you do, | :13:07. | :13:12. | |
do think that the ties between the two have loosened in general? | :13:12. | :13:18. | |
not the ties of Lucent, Al-Qaeda has been degraded to a huge degree. | :13:18. | :13:23. | |
They say that drone strikes in Pakistan have led to all of the top | :13:23. | :13:28. | |
leadership of Al-Qaeda being killed and this might show in the ties | :13:28. | :13:32. | |
with the Taliban and Pakistan. Every number two and number three | :13:32. | :13:41. | |
commander has been killed in drones strikes. Some people have been told | :13:41. | :13:45. | |
to leave because they were afraid they would be killed in the area. A | :13:45. | :13:50. | |
Osama Bin Laden, a huge impact on the side he of the American public, | :13:50. | :13:54. | |
seen as public enemy number one. Reading the documents in so far as | :13:54. | :13:58. | |
you can, do you think that he really did pose a threat to the | :13:58. | :14:02. | |
United States? We know that he said that any aeroplane carrying a | :14:03. | :14:08. | |
Barack Obama at the 10th Afghanistan, should be targeted. | :14:08. | :14:14. | |
shows us that he was a declining threat. This was an organisation | :14:14. | :14:17. | |
and the core group around him was left under incredible pressure in | :14:17. | :14:21. | |
the last couple of years, and feeling that pressure. That doesn't | :14:21. | :14:28. | |
mean that the idea of Al-Qaeda, the narrative that Osama Bin Laden and | :14:28. | :14:33. | |
his deputy have put out, of Global Jihad, that has not gone away. The | :14:33. | :14:38. | |
idea, the inspiration that comes from Bin Laden continues to | :14:38. | :14:43. | |
encourage a tiny minority of fanatics to carry out suicidal acts | :14:43. | :14:48. | |
of terror. Unfortunately, we can kill Osama Bin Laden, but it is a | :14:48. | :14:54. | |
lot harder to kill the idea that he had come to represent. When we talk | :14:54. | :15:03. | |
about this attack that has carried out by a al kyda macro -- by Al- | :15:03. | :15:08. | |
Qaeda in different countries, is that all pretty meaningless? | :15:08. | :15:12. | |
don't think it's meaningless, I think some of these organisations, | :15:12. | :15:15. | |
especially Al-Qaeda in the Arabian peninsula demonstrated that they | :15:15. | :15:21. | |
can carry out significant acts of terror, after all, Al-Qaeda in the | :15:21. | :15:25. | |
Arabian peninsula at persuaded the Nigerian to carry a bomb on his | :15:26. | :15:32. | |
body and he was able to fly from Amsterdam into the United States. | :15:32. | :15:35. | |
But in a Neymar of Osama Bin Laden? We're not saying they are not | :15:35. | :15:38. | |
active, they are, but acting in the name of Osama Bin Laden at his | :15:38. | :15:48. | |
In the case of their Nigerian, there was a tape with Osama Bin | :15:48. | :15:55. | |
Laden claiming credit. The narrative they represent remains | :15:55. | :16:01. | |
dangerous. But the organisation that attacked the netted States in | :16:01. | :16:08. | |
2001 and the UK in a 2005 is insignificant decline. Briefly, a | :16:08. | :16:12. | |
lot of speculation at the time about how far the Pakistani | :16:12. | :16:17. | |
authorities and intelligence services knew that Osama Bin Laden | :16:17. | :16:21. | |
was there. The papers do not tell us about that but would you be keen | :16:21. | :16:29. | |
to know that? Absolutely. This is the million-dollar question. The | :16:29. | :16:33. | |
Who knew about Osama Bin Laden? Did he have any help from the Pakistani | :16:33. | :16:39. | |
authorities? If there are more leaks about the documents, it would | :16:39. | :16:43. | |
be interesting to know if the names anyone in his letters that could | :16:43. | :16:48. | |
point to any clues or give signs of who helped him stay there for so | :16:48. | :16:58. | |
:16:58. | :16:59. | ||
long. Thank you very much. Just weeks to go until the Euro 2012 | :17:00. | :17:03. | |
football tournament and one of the host countries - Ukraine - is at | :17:03. | :17:07. | |
the centre of a growing diplomatic row. The Netherlands is the latest | :17:07. | :17:09. | |
country to refuse to send government representatives in | :17:09. | :17:11. | |
protest at the treatment of the imprisoned opposition leader, Yulia | :17:11. | :17:16. | |
Tymoshenko. She's been on a hunger strike, after complaining of being | :17:16. | :17:19. | |
beaten in prison. Austria and Belgium are also boycotting the | :17:19. | :17:23. | |
event and it's likely Germany will too. Daniel Sandford reports from | :17:23. | :17:33. | |
:17:33. | :17:35. | ||
the Ukrainian capital Kiev. They are working day and night at the | :17:35. | :17:39. | |
Prime new Olympic Stadium to get it ready in time for the tournament. | :17:39. | :17:45. | |
The key work is done but Ukraine wants to look its best for Euro | :17:45. | :17:55. | |
:17:55. | :17:55. | ||
Glossy promo videos welcome the world. It is a proud moment in this | :17:55. | :18:01. | |
young country's history. But it all started to go wrong when a four | :18:01. | :18:10. | |
small bombs went off last week. One was recorded on his web cam. No one | :18:10. | :18:15. | |
was killed but 27 people were injured and nobody has been caught. | :18:15. | :18:20. | |
Then, these pictures, apparently showing bruises on the former prime | :18:20. | :18:24. | |
minister, Tymoshenko in prison after a suspiciously political | :18:24. | :18:29. | |
prosecution. Her daughter told me she had been punched into | :18:29. | :18:33. | |
submission when she refused to leave the cell. Now, she's on | :18:33. | :18:38. | |
hunger strike. She feels it's the only way in her power to protest | :18:38. | :18:46. | |
and the only way she can show the world that this has gone too far. | :18:46. | :18:52. | |
Now there was a threat of a serious boycott of Euro 2012. The leaders | :18:52. | :18:55. | |
of several European countries say they will not come to the football | :18:55. | :19:00. | |
unless the treatment of Tymoshenko improves. We are following the | :19:00. | :19:07. | |
situation closely. We may come to decisions about ministerial | :19:07. | :19:12. | |
attendance but we have not taken any decisions. I asked the foreign | :19:12. | :19:16. | |
minister what concessions they might make and he said Ukraine was | :19:16. | :19:20. | |
listening but pleaded with his colleagues not to mix football with | :19:20. | :19:25. | |
politics. The championship is not for the politicians benefit. And | :19:25. | :19:33. | |
not for making statements. It is here to enjoy a good play. They are | :19:33. | :19:39. | |
here to support their teams. At one point, there was talk of moving the | :19:39. | :19:42. | |
championships, what should have been a month of celebration for | :19:42. | :19:52. | |
Ukraine now threatens to be a month of controversy. Weeks of border | :19:52. | :19:55. | |
clashes between Sudan and South Sudan have led to fears that the | :19:55. | :19:58. | |
two nations could end up in all-out war. The UN Security Council has | :19:58. | :20:00. | |
unanimously adopted a resolution that threatens both countries with | :20:00. | :20:03. | |
sanctions if they don't stop fighting and return to negotiations | :20:03. | :20:12. | |
within 48-hours. That was passed on Wednesday. But away from the | :20:12. | :20:15. | |
frontline, a humanitarian crisis is growing elsewhere in the border | :20:15. | :20:17. | |
region. Thousands of desperate people are fleeing a government | :20:17. | :20:19. | |
bombing campaign in the Nuba Mountains as Andrew Harding reports | :20:19. | :20:29. | |
:20:29. | :20:34. | ||
On a debt track, a weary family driven on by fear and desperation. | :20:34. | :20:39. | |
They have been walking for days. Thousands more are coming, fleeing | :20:39. | :20:47. | |
for their lives. Why did you come here? Hunger, she says, too tired | :20:47. | :20:56. | |
to elaborate. This is what she is escaping from. Danger overhead. In | :20:56. | :21:00. | |
the Nuba mountains, the bombs are falling every day. Get down, he | :21:00. | :21:05. | |
says. The Sudanese government is not only trying to crush an armed | :21:05. | :21:11. | |
rebellion but bringing an entire population to its knees. Hiding in | :21:11. | :21:16. | |
caves from the circling planes, tens of thousands live like this. | :21:16. | :21:20. | |
It is too dangerous to go out to farm so they cannot feed themselves | :21:20. | :21:25. | |
and foreign aid is not allowed in. And so whole communities are trying | :21:25. | :21:32. | |
to leave, crossing the border into South Sudan. As another family | :21:32. | :21:36. | |
arrives, joining the other exhausted people here, it is pretty | :21:36. | :21:41. | |
clear these people are being targeted by a military campaign | :21:41. | :21:51. | |
:21:51. | :21:51. | ||
that is designed to terrorise and Long queues to register at this | :21:51. | :22:00. | |
refugee camp. All have their scars from the bombings. She tells me she | :22:00. | :22:04. | |
had to leave behind two of her children, they were too young to | :22:04. | :22:09. | |
make the journey. A bomb killed her husband. With each passing week, | :22:09. | :22:14. | |
the condition of those arriving gets worse. There is help for them | :22:14. | :22:24. | |
:22:24. | :22:25. | ||
but growing fear for those left behind. What were you eating? She | :22:25. | :22:32. | |
said we were eating things from the trees. Is this getting worse? | :22:32. | :22:39. | |
every day. We are seeing malnutrition. More and more, people | :22:39. | :22:46. | |
are dying. A dangerous journey here. The camp is filling up fast. Terror | :22:46. | :22:56. | |
:22:56. | :22:57. | ||
and hunger make their deliberate wake to the Nuba mountains. One of | :22:57. | :22:59. | |
art's most iconic images, Edvard Munch's The Scream, has become the | :22:59. | :23:03. | |
most expensive artwork ever sold at auction. The 1895 picture sold | :23:03. | :23:05. | |
after just twelve minutes of bidding at Sotheby's in New York. | :23:05. | :23:15. | |
:23:15. | :23:16. | ||
The auctioneer was Tobias Meyer. not worry, we have all the time in | :23:16. | :23:26. | |
:23:26. | :23:29. | ||
the world! $107 million. I shall sell it then. For the historic some | :23:29. | :23:37. | |
of $107 million. Harm! Sold. That was the auctioneer. Godfrey Barker | :23:37. | :23:40. | |
is an art market specialist, a journalist and an author and is | :23:40. | :23:47. | |
here with us. Apparently sold by a Norwegian and he would use the | :23:47. | :23:53. | |
money for an arts centre and museum in Norway. But how can any painting | :23:53. | :23:57. | |
be worth so much? The because art has become a billionaire's | :23:57. | :24:04. | |
plaything. Because this picture next to the Mona Lisa and the Three | :24:04. | :24:10. | |
Graces and the creation of man is highest on the recognition list of | :24:10. | :24:15. | |
anyone's art in the world. It is a student poster, a T-shirt, an | :24:15. | :24:23. | |
umbrella. And because the cry of despair on his face echoes down a | :24:23. | :24:27. | |
hundred years to everyone who has suffered love and loss and | :24:27. | :24:32. | |
loneliness. So it sold for the record, it knocked a painting by | :24:32. | :24:42. | |
:24:42. | :24:43. | ||
Picasso off its perch. Exactly, two Picasso paintings over $100 million | :24:43. | :24:49. | |
at auction in the last six or seven years. It was the Nude, Green | :24:49. | :24:57. | |
Leaves, and Bust. It sold in 2010 for $106 million. A lot of money! | :24:57. | :25:01. | |
These paintings, up a trophy purchases or are they a shrewd | :25:01. | :25:09. | |
investment? They are both. Because it is the trophy that makes the | :25:09. | :25:13. | |
shrewd investment and the higher the price, the higher the profit. | :25:13. | :25:18. | |
If this sold last night for $60 million, it would be resold in 10 | :25:18. | :25:25. | |
years' time for 60 million profit. At this level, $120 million, it | :25:25. | :25:33. | |
will earn its owner a least $120 million. It is because art has | :25:33. | :25:39. | |
taken over from money and Wall Street. It is now the preferred | :25:39. | :25:45. | |
asset of billionaires. Is that your guess, the buyers of this kind of | :25:45. | :25:51. | |
art, they are the billionaire's from whichever part of the world | :25:51. | :25:56. | |
they hail from? In the 21st century, the punch out at the top of the art | :25:56. | :26:03. | |
market is between Russian oligarchs and Arab sheikhs. Americans are | :26:03. | :26:07. | |
standards by, the British are mixing cocktails and watching in | :26:08. | :26:12. | |
admiration and bemusement. But last night, in the red corner, there | :26:12. | :26:19. | |
would have been Roman Abramovic or others under Russian oligarchs. In | :26:19. | :26:26. | |
the blue corner, the Emir of Qatar representing the shakes. I suppose | :26:26. | :26:33. | |
he will know one day. What about the museum's? Today also it because | :26:33. | :26:39. | |
they have public funding. Not often, the only museum with punching power | :26:39. | :26:43. | |
in the world is the Getty Museum in California. It would have had to | :26:43. | :26:51. | |
devote its purchase grant for three years to have got anywhere near. | :26:51. | :26:55. | |
is the individuals better buying these. Is it sad significant | :26:55. | :27:00. | |
paintings like the Scream, they may disappear from public view? They | :27:00. | :27:04. | |
would disappear for a period but this picture came back on the | :27:04. | :27:08. | |
market because its owner died last year. And death is a great | :27:08. | :27:14. | |
leveller! A lot of artists since Francis Bacon have made deals with | :27:14. | :27:19. | |
owners that if they buy the now, they must present into a museum | :27:19. | :27:23. | |
when the collector dies. So, this is not the end of the story. We | :27:23. | :27:29. | |
must always remember it is these rich private collectors who are the | :27:29. | :27:32. | |
artist's patron. They are the people for whom the artist works. | :27:32. | :27:37. | |
They are entitled, if they encourage the artist with money, to | :27:37. | :27:41. | |
take the pictures of the market. We should not cry that much, they will | :27:41. | :27:50. | |
be back! Thank you very much indeed. That brings this edition of the | :27:50. | :28:00. | |
:28:00. | :28:01. | ||
programme to an end. From me and Good evening. For some of this, a | :28:01. | :28:05. | |
beautiful warm day across central and western Scotland, for many it | :28:05. | :28:09. | |
was fairly cloudy and that continues tomorrow and without the | :28:10. | :28:15. | |
beautiful sunshine, making it feel really cool. What will not help is | :28:15. | :28:19. | |
a northern airflow pushes across the country, this weather front | :28:19. | :28:23. | |
will make things turn colder for the weekend with night-time frosts | :28:23. | :28:30. | |
returning. Through Friday, a lot of cloud in central areas. The legacy | :28:30. | :28:36. | |
of a decaying weather fronts. It will remain overcast and grey and | :28:36. | :28:41. | |
drizzly conditions will persist, particularly in central areas, | :28:41. | :28:44. | |
largely dry in the south. Temperatures on Friday, typically | :28:45. | :28:50. | |
tense and elevens. Maybe 12-13 in the South with a glimmer of | :28:50. | :28:53. | |
sunshine. The wind will be light, towards the northern and central | :28:53. | :28:57. | |
areas, damp and drizzly. Temperatures down on where they | :28:57. | :29:02. | |
should be. A much cooler day in Northern Ireland, the weather front | :29:02. | :29:06. | |
invades bringing more cloud. A drop in temperature of six or seven | :29:07. | :29:11. | |
degrees. Cool and cloudy in Scotland, for the north-east, sunny | :29:11. | :29:17. |