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20 April 2017, 06:42 | Myron Mathis
Arturo Di Modica, the sculptor of Wall Street's bronze "Charging Bull", claims New York City violated his rights when they allowed the "Fearless Girl" statue to be installed nearby.
A day before International Women's Day, "Fearless Girl" first appeared on the Wall Street traffic island, meant to symbolize the lack of women on the boards of USA corporations.
Di Modica's legal team says that State Street improperly made money via the artist's work by including images of the bull in their advertising, and by nature of the fact that the Fearless Girl in part derives her meaning by squaring off against the bull.
Though de Blasio has yet to formally respond to the letter, he indicated his support for "Fearless Girl" last month when he extended its permit through February 2018.
Just like Visbal, Di Modica had installed his massive bronze statue on the New York Stock Exchange in the middle of the night - albeit without a permit - to symbolize American financial optimism after the 1987 stock market crash.
The sculptor of the famous "Charging Bull" statue in New York City's financial district is livid about the newly popular "Fearless Girl" statue recently installed facing his prized creation.
Still, whatever problems Fearless Girl has with feminism, the optics of a man fighting to tear a statue of a small girl standing opposite an angry bull aren't great.
Frail and teary eyed, the Italian sculptor said he's spent more than $300,000 of his own money to bring us the bull decades ago, as a symbol of strength - not of the patriarchy.
Di Modica at times became emotional during a press conference, and said the bull's message was supposed to be "freedom in the world, peace, strength, power and love". "SHE makes a difference".
But Di Modica's lawyers questioned whether the city should have granted the permit and said the firm behind it was using public property for commercial advertising.
Siegel called for damages for the "violation" of Di Modica's statutory rights, urging the mayor and company chief executives to come together to find an amicable solution.
As for the index fund, State Street wrote in a statement that it was "grateful" to the city of NY for its support of what the Fearless Girlrepresents: "the power and potential of having more women in leadership", it said.
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