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)

A woman cartwheels through the Coachella Valley Music and Arts Festival in Indio, California April 10, 2015. (Photo by Lucy Nicholson/Reuters)

A costumed guest attends WonderCon Anaheim 2015 at Anaheim Convention Center on April 4, 2015 in Anaheim, California. (Photo by Araya Diaz/WireImage)

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)

A police officer removes a reveler from standing on a post as they guard and clear the street of revelers dressed in holiday themed costumes during SantaCon in New York Saturday, December 12, 2015. As thousands of Santa-suited merrymakers prepare to hit the city's streets and bars, organizers of the annual pub crawl say they're taking more steps than ever to deter naughty behavior. (Photo by Andres Kudacki/AP Photo)

Tokyo Rainbow Pride 2015, at Yoyogi park-Shibuya, on April 26, 2015. Some 3,000 lesbian, gay, bisexual and transgender people paraded through Tokyo’s Shibuya district Sunday afternoon to demonstrate their hope that Japanese society will continue to forge ahead with recent moves to embrace equality and diversity. In a nation where prejudice against sexual minorities persists, the annual Tokyo Rainbow Pride parade has sought to counter the trend by openly spotlighting LGBT residents and spreading their voices. But this year, LGBT participants and proponents seemed particularly joyous, emboldened by what they see as a blossoming of LGBT-friendly moves by municipalities and companies. (Photo by Yoshiaki Miura)

An unidentified runner gestures while being attended by medical services following the first running of the bulls of the San Fermin festival in Pamplona, northern Spain, July 7, 2015. Two runners were gored in the run that lasted 2 minutes and 23 seconds, according to local media. (Photo by Eloy Alonso/Reuters)