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)."

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)

Hamish the polar bear tries out his new enclosure at the Yorkshire Wildlife Park at Branton, Doncaster on November 6, 2020, after moving from the Highland Wildlife Park in Scotland. Hamish was the first polar bear to be born in the UK. (Photo by Danny Lawson/PA Wire Press Association)

Avigail Collins and Daisy Lowe attend Liudmila X Avigail Collins Launch Party on July 13, 2017 in London, England. (Photo by Kintzing.com for Liudmila x Avigail Collins/SilverHub/Rex Features/Shutterstock)

Eurocopter's X³ high-speed hybrid helicopter demonstrator performs, September 6, 2010. The Eurocopter X³ (X-Cubed) is an experimental high-speed compound helicopter developed by Eurocopter (now Airbus Helicopters). A technology demonstration platform for Eurocopter “high-speed, long-range hybrid helicopter” or H³ concept, the X³ achieved 255 knots in level flight on 7 June 2013, setting an unofficial speed record for a helicopter. (Photo by Reuters/HO/Eurocopter/Penna)

A polar bear fast asleep at London Zoo. (Photo by Fox Photos/Getty Images). 1961

Members of the Coney Island Polar Bear Club warm up before swimming at the beach at Coney Island in New York, December 15, 2013. (Photo by Eric Thayer/Reuters)

A visitor holds up her toy bunny to the aquarium glass in front of Aurora the Russian polar bear at the Sao Paulo Aquarium in Sao Paulo, Brazil, Thursday, April 16, 2015. (Photo by Andre Penner/AP Photo)