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Charging Bull, Symbol of Wall Street’s Roaring Market, Will Remain in Place After a Vote Nixes Mayor de Blasio's Plan to Move It

Charging Bull, Symbol of Wall Street’s Roaring Market, Will Remain in Place After a Vote Nixes Mayor de Blasio’s Plan to Move It

The Public Design Commission of New York, which reviews the installation of all artworks on city-owned land, has rejected mayor Bill de Blasio’s plan to relocate  , the famous bronze statue by Arturo Di Modica, to the New York Stock Exchange.

The artist, who spent $350,000 to make and install the sculpture as a guerrilla artwork in 1989, had argued that moving it would transform it into an advertisement for the stock exchange, which would violate his copyright.

“The local community residents and Mr. Di Modica, who were resoundingly opposed to this move, successfully advocated that the iconic should remain in its present location at Bowling Green,” Manny Alicandro, the artist’s lawyer, told the .

“We are reviewing the feedback from the commission and determining next steps. The bull poses a serious safety risk—that is our priority,” wrote Jane Meyer, the mayor’s deputy press secretary, in an email to Artnet News.

De Blasio and officials from the Department of Transportation said the work created a pedestrian safety hazard, and the NYPD had previously expressed concern that crowds drawn by the artwork could inspire a terrorist attack.

“For 30 years, there were no accidents of any kind next to the sculpture,” Di Modica told Artnet News last year. “Bowling Green was and is the perfect home of , and I’m not approving being moved,” he added, referring to the park where the statue lives.

The Department of Transportation plan for relocating <em>Charging Bull</em>. Image courtesy of the Department of Transportation. ” width=”1024″ height=”514″ srcset=”https://www.antheamissy.com/wp-content/uploads/2020/06/Charging-Bull-Symbol-of-Wall-Streets-Roaring-Market-Will-Remain.png 1024w, https://news.artnet.com/app/news-upload/2020/06/Screen-Shot-2020-06-23-at-1.42.38-PM-300×151.png 300w, https://news.artnet.com/app/news-upload/2020/06/Screen-Shot-2020-06-23-at-1.42.38-PM-50×25.png 50w” sizes=”(max-width: 1024px) 100vw, 1024px”/></p>
<p class=The Department of Transportation plan for relocating . Image courtesy of the Department of Transportation.

After the artist first installed the work outside the New York Stock Exchange in 1989, it was quickly removed, but community activists convinced then-Mayor Ed Koch to let the bull stay. But while it has the blessing of the Parks Department, the city doesn’t own it, and the bull never went through the official channels of the Public Design Commission, as the city charter requires.

 first came to De Blasio’s attention in 2017, when financial firm State Street Global Advisors installed opposite the sculpture on International Women’s Day.

 became a viral sensation and De Blasio extended the work’s permit—much to Di Modica’s chagrin, who complained that the new statue transformed the bull into a villain. A year later, the city agreed to move  to a new permanent home outside the New York Stock Exchange. A press release confirming the move revealed that the city was also considering “a similar move to the vicinity of the stock exchange for the  statue.”

The Department of Transportation renderings for moving the sculpture presented two possible orientations for .

“The fact that you don’t know which way to face the bull shows there is no context. It’s really ugly,” Laura Starr, the former chief landscape architecture of the Central Park Conservancy, said at the May Public Design Commission meeting, as reported by . “I think the bull belongs where it is, with its leafy background.”


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