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)

A handout picture taken and released by the British Ministry of Defence (MOD) on March 25, 2024 shows humanitarian aid being airdropped over Gaza from a RAF A400M aircraft The Royal Air Force airdropped over 10 tonnes of food supplies into Gaza for the first time on Monday, as part of international efforts to provide life-saving assistance to civilians. The aid consists of water, rice, cooking oil, flour, tinned goods and baby formula. (Photo by Leah Jones/MOD/AFP 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)

Canadian singer Avril Lavigne leaves little to the imagination wearing a see-through top as she and boyfriend Mod Sun arrive at a friend's house in Calabasas, CA. with Avril's dog on July 14, 2021. (Photo by Backgrid USA)

British fashion designer Mary Quant, right, waves as she poses with models wearing her Mod creations in Little Rock, Ark. on October 25, 1968. The models, from left, are, Amanda Tear, Rory Davis and Penny Yates. (Photo by AP Photo)