Sculptor of Wall Street's bull wants 'Fearless Girl' moved

Sculptor of Wall Street's bull wants 'Fearless Girl' moved

The artist behind the "Charging Bull" statue on Wall Street is accusing New York City of violating his rights by allowing the "Fearless Girl" statue to stare down his artwork.

While he has yet to say what action he'll take, his attorney Norman Siegel says that Di Modica will explain how he'll "challenge" the city's decision at a press conference later today. As a result he's challenging New York City's authorities to have "Fearless Girl" removed before its intended February 2018 closing.

The statue was created by artist Kristen Visbal, who was commissioned by a NY advertising firm and a Boston investment bank, as a pointed message to corporate America about the lack of women in their boardrooms.

Di Modica has claimed that the presence of the statue infringes on his own artistic rights, and has contacted a lawyer to formally oppose the installation. The Charging Bull was dumped by the artist in front of the the New York Stock Exchange without a permit, following the 1987 stock market crash.

While many praised the move, Di Modica was far from pleased.

Twenty-five per cent of the Russell 3000 - an index of the nation's largest companies - have no women on their boards, according to State Street, which manages many of their assets. One "Fearless Girl" at a time.

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The investment firm State Street Global Advisors commissioned Delaware-based artist Kristen Visbal to create the statue, and Visbal has told CNN Money the statue is about "girl power" and meant to remind the overwhelmingly male majority on Wall Street "that we are here, that we are heard, that we are permanent".

He put a finer point on the matter in a March interview with the New York Post and MarketWatch: "That is not a symbol!"

Di Modica also faulted the girl for putting his statue in a negative light. Since 1989 the bronze bull has stood in New York City's financial district as an image of the might and hard-charging spirit of Wall Street.

Indeed the world is changing.

Siegel said State Street sent its message of female empowerment while hurting Modica's "honor and reputation" in the process.

A lawsuit has not been filed, said Siegel, who declined to say whether or when that might happen.

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