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Posted by parhad (Guest) - Wednesday, December 22 2004, 18:03:54 (CET)
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Interesting article on the raging bull bronze sculpture in New York...

5 Million Can Buy Lots of Bull in New York

Tue Dec 21, 6:09 PM ET Entertainment - Reuters

NEW YORK (Reuters) - "Charging Bull," one of New York's most recognized statues that once made a brief debut outside the Stock Exchange, is for sale.

Reuters Photo

AP Photo
Slideshow: Wall Street Bull Statue For Sale

The minimum bid is $5 million but sculptor and owner Arturo Di Modica says the buyer must keep the pavement-pawing statue where it now stands in the financial district and donate it to the city.

In return, the owner gets a tax deduction and a plaque.

The sculptor said he was inspired to create the bull after the 1987 stock market collapse. The creation took two years and more than $300,000.

Then, early one morning 15 years ago, with the help of some 30 friends, a crane and flatbed truck, he placed the 11-foot-tall (3.3-meter), 16-foot-long (4.8-meter), 7,000-pound (3,000 kg) statue in front of the New York Stock Exchange (news - web sites).

Police impounded the sculpture, but the public protested.

The city Parks Department then freed the bull from police custody and installed it at Bowling Green on lower Broadway, just a few minutes walk from the Exchange.

"The 'Charging Bull' is a part of New York and it must stay in New York," Di Modica said by telephone from Sicily on Tuesday. "I created the 'Charging Bull' to give young people a sense of hope."

Di Modica said he would use most of the proceeds to create other works and donate some money to a New York charity.

...If I'd done that with the Shumirum...it too would have been welcomed by the general public...only Jackie Bejan, John Nimrod and Atour Golani would have sued the city to have it removed. The Shumirum took me 13 years to finish and cost a lot less than this bull...and I'm not looking for anyone to pay FIVE MILLION for it...just so it can stay where it is. It costs a lot less to keep it in storage...Assyrian pride...you know...it's been safely stored away as well.

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