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)."

The sun shines on Weston-super-Mare's Sand Sculpture Festival and the sand art currently being displayed on July 4, 2011 in Weston-Super-Mare, England. Now in its fourth year and with a Amazon Jungle theme for 2011, the seaside resort's event attracts top sand sculptors from across the world and runs throughout the summer months. (Photo by Matt Cardy/Getty Images)

A person stands near the “Untitled” installation of miniature elevators by Maurizio Cattelan at a preview of the Postwar and Contemporary Art Evening Sale at Christie's auction house on November 4, 2011 in New York City. The 33-inch functioning elevator installation is expected to realize $400,000-$600,000 at the November 8 auction. (Photo by Mario Tama/Getty Images)

“Damien Steven Hirst (born 7 June 1965) is an English artist, entrepreneur and art collector. He is the most prominent member of the group known as the Young British Artists (or YBAs), who dominated the art scene in Britain during the 1990s. He is internationally renowned, and is reportedly Britain's richest living artist, with his wealth valued at £215m in the 2010 Sunday Times Rich List. During the 1990s his career was closely linked with the collector Charles Saatchi, but increasing frictions came to a head in 2003 and the relationship ended”. – Wikipedia

Photo: Contractors move Damien Hirst's bronze sculpture of a pregnant woman into positionl on October 16, 2012 in Ilfracombe, England. The bronze-clad, sword-wielding 65ft (20m) statue, named “Verity”, has been controversially given to the seaside town by the artist, on a 20-year loan and was erected by crane on the pier. (Photo by Matt Cardy)

Workers put some finishing touches on “Forever Marilyn”, a sculpture by Seward Johnson, on July 14, 2011 in Chicago, Illinois. The stainless steel and aluminum sculpture which stands 26 feet tall and weighs 34,000 pounds will be unveiled tomorrow and remain on display in Chicago through the spring of 2012. The sculpture was inspired by Marilyn Monroe's iconic scene in the 1955 movie “Seven Year Itch”. (Photo by Scott Olson/Getty Images)

In this handout image supplied by the Olympic Delivery Authority, workers carryout the installation of artist Monica Bonvicini's “RUN” sculpture in the plaza of the London 2012 Handball Arena at the Olympic Park on January 12, 2012 in London, England. (Photo by Olympic Delivery Authority via Getty Images)

Presentation of The work of Italian artists Antonio Garullo and Mario Ottocento, called “The Italian Dream” showing a wax figurine of Italy's former prime minister Silvio Berlusconi as being dead or asleep inside a glass shrine, is exhibited on May 29, 2012 at the Ferrajoli Palace in the center of Rome, Italy. In this controversial work Berlusconi is smiling, wearing funny slippers and the trousers open. (Photo by Alessandro Bianchi/Reuters)