The giant yellow 20-ton bronze teddy bear has been set up by Christie's outside the Seagram Building along Park Avenue. Created by New York-based Swiss artist, Urs Fischer, the enormous sculpture that has received mixed reviews, is getting auctioned off at Christie's next month. The black button-eyed, 23-foot-tall yellow teddy bear is "Untitled (Lamp/Bear)."

A christmas teddy bear is wheeled along on a trolley at the Steiff stuffed toy factory on November 23, 2012 in Giengen an der Brenz, Germany. Founded by seamstress Margarethe Steiff in 1880, Steiff has been making stuffed teddy bears since the early 20th century ever since her nephew Richard Steiff exhibited the first commercially produced teddy bear in Europe in 1903. Teddy bears are among the most popular children's toys and the company is hoping for a strong Christmas season. (Photo by Thomas Niedermueller)

Two Teddy Bears from the 1920's sit on display in the museum section of the Merrythought Teddy Bear shop on April 5, 2011 in Ironbridge, England. Established in 1930, Merrythought has been hand-making Teddy Bears for over 80 years in Shropshire. The family-run company is the last remaining British teddy bear factory and is launching its latest limited edition bear to mark the royal wedding. The Commemorative Royal Wedding bear is limited to 75 and comes after its popular Prince William and Catherine Middleton bears completely sold out. Merrythought has also been selected by the London Olympic Games organisers to produce the official teddy bears of the London 2012 Olympic and Paralympic games. (Photo by Christopher Furlong/Getty Images)

Max Niedermaier of Germany collides with uncontrolled motorcycle of Niclas Svensson of Sweden during Astana Expo FIM Ice Speedway Gladiators World Championship at the Medeo rink in Almaty, Kazakhstan, February 18, 2017. (Photo by Shamil Zhumatov/Reuters)

Competitors take part in the Red Bull Crashed Ice Cross Downhill World Championship in Marseille, France, January 14, 2017. (Photo by Jean-Paul Pelissier/Reuters)

In this February 2, 2014 photo, people take pictures inside a cave at Apostle Islands National Lakeshore in northern Wisconsin, which has been transformed into a dazzling display of ice sculptures by the arctic siege gripping the Upper Midwest. (Photo by Brian Peterson/AP Photo/Minneapolis Star Tribune)

Visitors view ice sculptures at the 29th Harbin International Ice and Snow Festival on January 5, 2013. (Photo by Associated Press)

Newly-wed couples attend their group wedding ceremony which was held as part of the Harbin International Ice and Snow Festival in the northern city of Harbin, Heilongjiang province January 6, 2016. As many as 15 couples attend this mass wedding ceremony. (Photo by Aly Song/Reuters)