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The statue associated with the city of Madrid features a bear and a mulberry tree, which are the symbols of the city of Madrid.
The statue was made by Antonio Navarro Santafé and was inaugurated in 1967. Today, tourists and visitors usually stroke the bear’s tail and paws, thinking that this brings good luck. It is not clear whether this brought anyone luck, but what is clear is that it peeled off the paint, so that the tail and paws are colorless. The text that appears on the base of the statue marks the 50th anniversary of its installation.