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 US corporations.
State Street Global Advisors, a $2.5 trillion asset management firm, commissioned artist Kristen Visbal to create "Fearless Girl". After a petition and a lot of tourist as well as social media attention, New York City officials extended the permit until 2018.
Arturo Di Modica, the sculptor of Wall Street's famous "Charging Bull" statue is not too happy about the competition from the "Fearless Girl". "Rather, it has been transformed into a negative force and a threat", he added.
Di Modica says he might not sue if "Fearless Girl" is taken down and put somewhere else - like in front of the New York Stock Exchange.
Attorneys for di Modica's said they have also submitted public records request seeking more information on how the statue's placement was approved.
"We write to you now in hopes of finding a way to amicably resolve these violations", the lawyers, led by New York-based attorney Norman Siegel, wrote to the New York City mayor. Plainly, the presence of the statue of the young girl has tarnished and modified the Charging Bull.
In addition to copyright issues, Siegel said he believed the statue of the girl violated Di Modica's rights under the Visual Artists Rights Act of 1990.
Last month, before International Women's Day, a bronze statue of a little girl with her hands on her hips appeared to stare down the 7,000-pound bronze bull. Authorities originally removed the work, but later reinstalled it after public outcry made clear that New Yorkers wanted the bull to stay.
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 told reporters at a press conference.
According to the Guardian, Di Modica is indeed exploring some form of action against the city of NY, which he's accused of "violating his legal rights".