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)

Vets of Animals Asia Foundation's Vietnam Bear Rescue Center hold a paw of a sun bear as they check its health while it is rescued from a Vietnamese family in Nam Dinh province, south of Hanoi, Vietnam August 18, 2016. A man in northern Vietnam has voluntarily handed over a bear his family had caged for seven years to an animal rights organization, which will take it to a nearby sanctuary. (Photo by Reuters/Kham)

A polar bear plays with a pylon during celebrations marking its first birthday in an enclosure at Tierpark Hellabrunn zoo in Munich December 9, 2014. (Photo by Michaela Rehle/Reuters)

“The Naval and Military Club is a gentlemen's club in London, England. It was founded in 1862 because the three then existing military clubs in London – the United Service, the Junior United Service and the Army and Navy – were all full. The membership was long restricted to military officers. This is no longer the case, but it still has a predominantly military and ex-military membership”. – Wikipedia

Photo: Members of the prestigious “In and Out Club”, one of the oldest and most exclusive clubs in London, march around St. James's Square during the club's 150th birthday celebration on March 1, 2012 in London, England. Patrons of the private members club, whose official title is the Naval and Military Club, gathered in St. James's Square in Central London before marching with the Band of the Royal Logistics Corps to be greeted by HRH The Duke of Edinburgh, and retiring for lunch inside the club. (Photo by Dan Kitwood/Getty Images)

A bulldog named Munch, left, and a puppy named Dominique attend a news conference at the American Kennel Club in New York, Wednesday, January 30, 2013. The club announced their list of the most popular dog breeds in 2012 where the bulldog takes the fifth place spot from the Yorkshire terrier. (Photo by Seth Wenig/AP Photo)

A Yorkshire Terrier rests backstage before competing at the 141st Westminster Kennel Club Dog Show, February 13, 2017 in New York City. There are 2874 dogs entered in this show with a total entry of 2908 in 200 different breeds or varieties, including 23 obedience entries. (Photo by Drew Angerer/Getty Images)

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)