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 model presents a creation from the Tom Ford Spring/Summer 2015 collection during London Fashion Week September 15, 2014. (Photo by Suzanne Plunkett/Reuters)

Tip Toland is a sculptor and instructor living in the Seattle, Washington area. Her current focus is figurative ceramic sculpture. Tip is represented by the Nancy Margolis Gallery in New York City.

Photo: “Letter to God”, 2011. Stoneware, paint, chalk pastel, hair. (Photo by Tip Toland/Marie-Andrée Côté)

Model Jill de Jong from the Netherlands poses for photographers August 29, 2002 at Earls Court in London. (Photo by Scott Barbour/Getty Images)

Blanka Vlasic of Croatia and Team Europe celebrates a clearance in the women's high jump during the IAAF/VTB Continental Cup at the Stadion Poljud on September 5, 2010 in Split, Croatia. (Photo by Michael Steele/Getty Images)

Catherine, Duchess of Cambridge speaks to soldiers as she arrives at Calgary Airport on July 7, 2011 in Calgary, Canada. (Photo by Chris Jackson/Getty Images)

O Santa Claus of Australia competes in the mens 80–84 years 100 metres heats during day two of the 2009 Sydney World Masters Games at Sydney Olympic Park on October 11, 2009 in Sydney, Australia. (Photo by Mark Nolan/Getty Images)

The hot air balloon “Hopper T Frog” from Park City, Utah, peeks over the red rock cliffs during the 23nd Annual Red Rock Balloon Rally at Red Rock State Park December 6, 2003 near Gallup, New Mexico. (Photo By Douglas Tesner/Getty Images)