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)."

View of the work “Divided” (2016), within the visual artist's exhibition “Urs Fischer: Lovers”, exhibited at the Museo Jumex in Mexico City, Mexico 31 March 2022. The sensations and emotions of love and life, as well as the energy and forces that create and wear it down, inhabit “Urs Fischer: Lovers”, the first solo exhibition in Mexico by Swiss plastics artist Urs Fischer. (Photo by Alex Cruz/EPA/EFE)

Masked Guggen music bands parade through the streets on the occasion of the beginning of the Fasnacht Carnival of Lucerne, Switzerland, early 23 February 2017. (Photo by Urs Flueeler/EPA)

A traditional high altitude bonfire burns on the occasion of the Swiss National Day on the “Stanserhorn” mountain near Stans, Switzerland, Sunday, August 1, 2021. (Photo by Urs Flueeler/Keystone via AP Photo)

People in funny costumes race down the slope in bathtubs during the 7th Bathtub race at Stoos, Switzerland, on January 19, 2019. (Photo by Urs Flueeler/EPA/EFE/Rex Features/Shutterstock)

Indian Muslim devotees travel in an auto rickshaw during the Urs festival in Ajmer, India, Thursday, April 23, 2015. Thousands of devotees from different parts of India travel to the shrine of Sufi saint Khwaja Moinuddin Chisht for the annual festival marking the saint's death anniversary. (Photo by Deepak Sharma/AP Photo)