View Full Version : Wall Street's 'Charging Bull'

December 20th, 2004, 09:24 AM
December 20, 2004

Wall Street's most famous bull for sale

Sculptor says any buyer must leave the 7,000-pound bronze statue in lower Manhattan: report.

The famous Wall Street bull could have a new owner.

NEW YORK (CNN/Money) - If Wall Street wants a bull market, it has one now.

Sculptor Arturo Di Modica, who created the famous flared-nostril, 7,000-pound bull that sits in the heart of New York's financial district in lower Manhattan, is auctioning his famous piece to the highest bidder, a newspaper reported Monday.

The bronze sculpture is one the world's best-known symbols of American capitalism and one of the biggest tourist draws in the financial district. According to the Wall Street Journal, Di Modica said any new owner must leave the "Charging Bull" where it is, and must donate it to New York City.

"Over the years so many people have offered to buy it, but it must stay where it is," he told the Journal.

In exchange, the buyer will get a tax break and branding rights, said the report. The owner's name will also be placed on a plaque designed by Di Modica that will sit next to the bull, the newspaper said.

Di Modica told the Journal that at least 10 percent of the proceeds will be donated to charity and the rest will go toward a set of eight marble sculptures he has in the works.

According to the report, Di Modica was inspired by the 1987 stock market crash to create the bull, investing about $360,000 of his own money in the project.

The newspaper reported that potential buyers include financial institutions like Merrill Lynch.

© 2004 Cable News Network LP, LLLP.

December 21st, 2004, 05:12 AM
December 21, 2004

The Bronze Bull Is for Sale, but There Are a Few Conditions


The snorting, pavement-pawing, 11-foot-tall, 7,000-pound, bronze "Charging Bull," which has been displayed since 1989 in Bowling Green on lower Broadway, is being offered for sale by its sculptor and owner, Arturo Di Modica. However, the buyer must keep it in place and donate it to New York City.

"It's become one of the most visited, most photographed and perhaps most loved and recognized statues in the city of New York," said Adrian Benepe, the city parks commissioner. "I would say it's right up there with the Statue of Liberty."

The minimum bid is $5 million.

Mr. Benepe said the city did not have the money to acquire the sculpture but would welcome it as a donation. Should that occur, the Parks Department would at last be in a position to seek formal approval from the Art Commission to put the bull in Bowling Green, 15 years after placing it there on a temporary basis. Mr. Benepe declined to predict whether the Art Commission would authorize a truly permanent installation.

The donor would be recognized on a plaque designed by Mr. Di Modica, a 63-year-old artist who divides his time between Sicily and a studio in Lower Manhattan. Mr. Di Modica would use most of the proceeds to finance other sculptures he is planning for New York. He would also recoup more than $300,000 that he spent on "The Charging Bull" and donate some money to charity.

The offer was reported yesterday by The Wall Street Journal. Stefan Oppermann of the Fine Art Collection, who represents the artist, said he was already talking with interested parties, whom he would not name. More information is available at www.chargingbullny.com .

"The Charging Bull" made its startling debut outside the New York Stock Exchange on Dec. 15, 1989. Mr. Di Modica installed it overnight, without permits, as a tribute to America's rebound from the 1987 stock market crash. It was quickly hauled away. Six days later, however, it was temporarily relocated in Bowling Green by Henry J. Stern, who was then the parks commissioner.

As long ago as 1993, the Art Commission was eager to resolve the sculpture's status. "What about the artists who play by the rules?" Vivian Millicent Warfield, then the commission's executive director, asked at the time. "They would love to have an extended exhibit in a prime spot free of charge."

Critics might debate the bull's artistic merits, but its popularity is beyond doubt. Visitors constantly pose for pictures around it. Passers-by have rubbed - to a bright gleam - its nose, horns and a part of its anatomy that, as Mr. Benepe put it gingerly, "separates the bull from the steer."

Copyright 2004 The New York Times Company

December 21st, 2004, 09:56 AM
The bull would be more appropriate in Disneyland - or perhaps next to the bronze Mickey Mouse at Disney Store on Fifth Avenue. The members of Art Commission would be out of their minds to approve the permanent installation of this tasteless sculpture.

December 21st, 2004, 04:21 PM
First the artist dumps it off, in the dark of night, in front of the NYSE. Now, he wants to sell it? Make up your mind!

December 21st, 2004, 08:28 PM
Maybe he could donate ALL the proceeds to charity,whom I'm should would put up a plaque for him!That minimum bid must be in lira.Scam artist is more like it.Go see Lamborghini if you want to sell it for branding rights.

December 21st, 2004, 10:44 PM
$5 million dollars - what a joke. For $1.5 million you can buy the pair of awesome Adam and Eve bronze sculptures that are currently displayed in Time Warner Center. As to the rubbing - to a bright gleam - any bronze would be rubbed, as the picture below illustrates.


TLOZ Link5
December 22nd, 2004, 12:02 PM
Children today....

NyC MaNiAc
December 30th, 2004, 06:52 PM
You got a chuckle out of me TLOZ Link5...

While the $5 million dollar price tag might be absurd, I got to admit how much I love that bull...

January 2nd, 2005, 09:42 PM
A shot of the Bull from May 2004 (my firs trip to NYC)..


September 22nd, 2006, 09:06 AM
AM New York
September 21, 2006

Sculptor of Manhattan 'Charging Bull' statue sues to protect it


The bull statue in New York's financial district is adorned with the stars and stripes in this Sept. 17, 2001, file photo.

An artist has sued those he says are seeking to ride his "Charging Bull" sculpture to profits, claiming they are illegally capitalizing on the popularity of the 7,000-pound tourist attraction near Wall Street.

Arturo Di Modica sought unspecified damages against several corporations including Wal-Mart Stores Inc. for what he said was unauthorized use of the stylized bronze larger-than-life-size bull, which has stood at the base of Manhattan since 1989.

A telephone message left with Wal-Mart was not immediately returned Thursday.

The Sicilian immigrant's lawsuit, filed Wednesday in U.S. District Court, recalled the cold December night in 1989 when the bull was first fork-lifted from a truck to a spot at the entrance of the New York Stock Exchange.

It said the bull became an "immediate sensation" and was moved four days later to its permanent spot at the foot of Broadway.

The sculpture's popularity and international recognition as a symbol of the city led to counterfeit copies, photographs and knockoff sculptures being sold in stores and on the Internet, the lawsuit said.

Some people have even sought to incorporate images of the sculpture in advertising campaigns and into graphics associated with television programs, all without the artist's permission, the lawsuit said.

Di Modica said Wal-Mart was selling and marketing photos and lithographic copies of the "Charging Bull" to the public. He sought through the lawsuit to block future sales of images of his work by Wal-Mart and others and receive part of the profits that resulted from the sales.

Di Modica was inspired to create the 16-foot-long bull as a symbol of strength and hope after the 1987 stock market collapse. It took him two years to complete and cost him more than $350,000.

Copyright 2006 AM New York

September 22nd, 2006, 09:12 AM
Tough crap.

Did he ever get that $5M? If he did, this is DOUBLY worthless.

I say, if he doe not like it, he is free to move his "work of art" somewhere else.


September 22nd, 2006, 09:51 AM
Wal-Mart and other corporations should be held liable - and fined - for lack of taste and associating with this impotent Mickey Mouse of a statue.

The statue should be immediately sent to National Cattlemen's Beef Association and replaced with The Virgin Mother by Damien Hirst.

September 22nd, 2006, 09:59 AM
No matter what you call it ^^^ artists are entitled to the copyright of their creative work:

What Is Copyright ? (http://painting.about.com/gi/dynamic/offsite.htm?zi=1/XJ&sdn=painting&zu=http%3A%2F%2Fwww.copyright.gov%2Fcircs%2Fcirc1. html)

Copyright is a form of protection provided by the laws of the United States (title 17 (http://www.copyright.gov/title17/), U. S. Code) to the authors of “original works of authorship,” including literary, dramatic, musical, artistic, and certain other intellectual works. This protection is available to both published and unpublished works.

Section 106 (http://www.copyright.gov/title17/92chap1.html#106) of the 1976 Copyright Act generally gives the owner of copyright the exclusive right to do and to authorize others to do the following:

To reproduce the work in copies or phonorecords;
To prepare derivative works based upon the work;
To distribute copies or phonorecords of the work to the public by sale or other transfer of ownership, or by rental, lease, or lending;
To perform the work publicly, in the case of literary, musical, dramatic, and choreographic works, pantomimes, and motion pictures and other audiovisual works;
To display the work publicly, in the case of literary, musical, dramatic, and choreographic works, pantomimes, and pictorial, graphic, or sculptural works, including the individual images of a motion picture or other audiovisual work; and
In the case of sound recordings* (http://www.copyright.gov/circs/circ1.html#sound), to perform the work publicly by means of a digital audio transmission.In addition, certain authors of works of visual art have the rights of attribution and integrity as described in section 106A (http://www.copyright.gov/title17/92chap1.html#106a) of the 1976 Copyright Act. For further information, request Circular 40 (http://www.copyright.gov/circs/circ40.pdf), Copyright Registration for Works of the Visual Arts.

It is illegal for anyone to violate any of the rights provided by the copyright law to the owner of copyright. These rights, however, are not unlimited in scope. Sections 107 through 121 (http://www.copyright.gov/title17/92chap1.html) of the 1976 Copyright Act establish limitations on these rights. In some cases, these limitations are specified exemptions from copyright liability. One major limitation is the doctrine of “fair use,” which is given a statutory basis in section 107 (http://www.copyright.gov/title17/92chap1.html#107) of the 1976 Copyright Act. In other instances, the limitation takes the form of a “compulsory license” under which certain limited uses of copyrighted works are permitted upon payment of specified royalties and compliance with statutory conditions. For further information about the limitations of any of these rights, consult the copyright law or write to the Copyright Office.

September 22nd, 2006, 10:34 AM
Selling photos and lithographic copies of the "Charging Bull" to the public is not violation of copyright.

September 22nd, 2006, 11:54 AM
I think he should have to pay rent for the spot first, seeing how he kind of dropped it there w/o permission.

Now if Target and others are selling full size replicas..... ;)

September 22nd, 2006, 12:02 PM
Added note, do you think we should make a 700lb pile of bronze bull pilings and secretly place it behind the bull one night to commemorate the stock markets load of Charging BS?

September 22nd, 2006, 02:54 PM
Ninja and Edward, I don't why you've got all this hate for the Bull.
It's a scuplture showing strength and success for crying out loud, and certainly nothing to get all upset about.

I for one, think it's a positive asset to the city's landscape.

Anyway, regardless of what the artist is asking for, let's show the Bull some affection.

September 22nd, 2006, 03:13 PM
The bull is as much an asset for the city's landscape as the bronze Mickey Mouse on Fifth Avenue. It's a disgrace for the city trying to be a cultural capital.

As for showing strength and success - if artistic value not an issue - how about we erect some kind of grandiose phallic structure on that site?

September 22nd, 2006, 05:35 PM

I am not as much against it as Edward, but I simply fail to see where it is all that much of an artistic piece.

Maybe Meryl Lynch should sue the artist for infringing on THEIR trademark?


October 14th, 2006, 01:09 PM
The bull has become iconic in a short time. It now appears in much promotional literature for New York.

January 16th, 2008, 05:44 AM
We have our own statue of a bull in Birmingham England.
For hundreds of years this part of the City has been known as 'The Bullring', the trading centre of the City. This was where all the animal trading and slaughtering was carried out. Even in my own youth, I can recall the occasional escaped bull, charging around the streets!

In The Bullring, there has always been some kind of statue or mural, or whatever, depicting a bull. So the latest 'Bullring' revamp includes this solid Bronze/tin/alloy creature.
It's a tactile kind of a statue, and I rather like it.
It's for you to decide, but I prefer it to the Wall Street bull, which I first heard of, when I saw the movie 'Hitch'.
Funny old world isn't it?


I have a full pic of the bull and when I can find out how to post it I will do so. Just for interest's sake.

January 16th, 2008, 09:35 AM
Nice BULL ...




WEBSITE (http://www.laurencebroderick.co.uk/news.html) for the sculptor, Laurence Broderick, with lots of info on how the bull was made.

January 16th, 2008, 11:57 AM
Geez, and here I complain that Wall Street's bull is real crap...

December 27th, 2010, 10:58 PM
CNN Money
December 27, 2010

Cozy Wall Street Bull sends warmest wishes

By Octavio Blanco

Olek, a New York based guerrilla artists sends her warmest wishes. 'This crocheted cover represents my best wishes to all of us. It will be a great, prosperous year with many wonderful surprises!'

NEW YORK (CNNMoney.com) -- As many Americans were spending Christmas night with their families, Olek, a New York based artist was near Wall Street, freezing her fingers to the bone while outfitting the famous "Charging Bull" into a giant knitted cozy.

Why did she feel compelled to crochet a sweater for the brass Bull? Partly, it was because of the economy and partly because she was homesick.

"I wanted to make it for all those people who couldn't make it to their families and for those people who don't have coats and don't have any money."
Olek is originally from Poland, but when she couldn't make it home to see her family, she thought of all the others who might be spending this holiday far from their loved ones.

The crocheted Charging Bull is her Christmas gift to NYC, she says, and a tribute to the sculptor of the bull, Arturo Di Modica, who placed the bull on Wall Street just before Christmas of 1989. Di Modica declared the sculpture a symbol of the "strength and power of the American people" following the stock market crash of 1987.

Now located in Bowling Green park in Lower Manhattan, "Charging Bull" is a 7,100 pound bronze statue standing about eleven feet tall and 16 feet long.

But like much "guerrilla art," Olek's work was not on display for long. She says the caretaker of the park tore it apart early in the morning.

Still, Olek remains optimistic about the future. "I really hope that I can do it again. This crocheted cover represents my best wishes to all of us. It will be a great, prosperous year with many wonderful surprises!"

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