Wall Street Charging Bull sculptor Arturo Di Modica ‘dies aged 80’

The sculptor behind Wall Street’s famous Charging Bull statue has died aged 80, reports say.

"Charging Bull" statue artist Arturo Di Modica speaks at a press conference addressing legal rights over the "Fearless Girl" installation on Wall Street on April 12, 2017 in New York City.
image captionArturo Di Modica originally installed the bull in New York in 1989

Friends of Arturo Di Modica told Italian media that the sculptor died in his home town of Vittoria, Sicily. He had been fighting cancer for many years, La Repubblica reported.

The bull was originally installed in New York in 1989 without permission.

It was designed to represent the “strength and power of the American people” after the 1987 market crash.

Police seized the 7,100 pound (3,200 kg) bronze statue from its position outside the New York Stock Exchange. But following a public outcry, city officials allowed it to be reinstalled days later in the heart of Manhattan’s financial district.

It has gone on to become one of the most recognisable images of New York, and a major tourist attraction. 

The Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New York City, New York, U.S., January 16, 2019.

In recent years, Di Modica opposed the temporary installation of another now famous statue, called Fearless Girl, opposite the bull. 

Di Modica complained at the time that his bull was meant to embody “strength, power and love”, and that having Fearless Girl – designed to call attention to gender inequality and the pay gap in the corporate world – face off against it turned its message into something negative.

Other notable works by Di Modica include marble pieces exhibited at the Rockefeller Center, works in bronze at Castle Clinton National Monument, and a bronze horse exhibited in the Lincoln Center, his biography on chargingbull.com says.

Factbox: Stonks in Washington – Deciphering Reddit’s WallStreetBets lingo

(Reuters) – Reddit trading lingo may filter in to Washington on Thursday when top hedge fund managers, the head of Robinhood and Roaring Kitty himself are set to give testimony before U.S. House of Representatives lawmakers.

The lingo of the online traders of Reddit’s WallStreetBets group, or WSB, which fueled a surge in GameStop Corp’s stock, prompted even singer Dionne Warwick to ask on Twitter here, “What are stonks and why is it a trending subject?”

For the uninitiated, here is a guide to understanding some common WSB words.

STONKS

An intentional misspelling of “stocks” that originated with an internet meme.

ROARING KITTY

The social media pseudonym of Keith Gill, a financial adviser in Massachusetts whose Reddit posts and YouTube video streams helped drive interest in GameStop’s stock.

YOLO

An acronym for “you only live once.” If someone on WSB has “yoloed” a stock, that person has poured a significant portion of their investments into it.

BAGHOLDER

Someone who has taken heavy losses on a stock, in WSB parlance: While others may have profited from a similar position in the past, that person has been left holding the bag.

TENDIES

Shorthand for chicken tenders, which WSB uses as slang for profits on a trade.

DIAMOND HANDS

Often referenced using emoji, “diamond hands” are how members express their belief that their position is valuable and worth holding on to for maximum profit. Conversely, a trader with “paper hands” sells out early.

TO THE MOON

A rallying cry on WSB, which members use to express their belief that a stock will rise significantly. The phrase is often accompanied by a rocket emoji.