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)

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)

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)

Dancers perform during a general rehearsal of “Kreatur” (Creature) by German choreographer Sasha Waltz in collaboration with artist and fashion designer Iris van Herpen and light designer Urs Schoenebaum in Berlin, Germany on June 8, 2017. (Photo by Stefanie Loos/Reuters)

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)

People walk past the 23-foot “Unitled (LAMP/BEAR)” outdoor sculpture of a teddy bear by artist Urs Fischer April 8, 2011 in New York City. The 35,000 pound sculpture of a yellow teddy bear with a working lamp will be on display for five months in front of the Seagram Building in Manhattan. The sculpture is expected to sell for more than $10 million at Christie’s Post-War & Contemporary Evening Sale on May 11. (Photo by Mario Tama/Getty Images)