The giant illuminated sculpture depicts a red and white striped ox on top of a “scholar rock” – both symbols of Chinese heritage – and is filled with air, similar to that of a jumping castle. The main difference is each piece is fitted together with zips.

“It’s not air-tight, but the zipper can hold the pressure,” Tan said.

It’s one of several Instagram-friendly Lunar Lanterns to be scattered around Circular Quay for the festival which runs until Sunday, each lit from dusk. They depict the 12 animals of the Chinese zodiac – the hero lantern a five-metre tall pig made of pink steel.

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In 2016 Tan – a renowned sculptor and multidisciplinary – was commissioned to create three giant wise monkey lanterns, standing eight meters tall. They have been used by the city in its Lunar New Year celebrations since.

Tan has previously put forward submissions for lantern sculptures for the year of the pig and the dog, but said he lucked out.

However, for this year he did not submit a design, but rather the City of Sydney approached him first to supply a creation.

Having exhibited art around the globe, Tan said Sydney was “leading the way” when it came to lanterns for Lunar New Year celebrations because the artists were “free to design and interpret” how they want.

Festival curator Valerie Khoo told sister publication the Sydney Morning Herald the aim was to be a meeting point between ancient customs and a more modern perspective, rather than a complete replica of what happens in Asia.

Tan – who spends his time between Wombarra, Beijing and Las Vegas creating art – said it was a wonderful feat to be recognised for his art during the prime of his life.

“After 40 years so far it’s every day [I’ve been practicing art] and must add up to something,” he said. “I feel the best is yet to come.”

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Tan and another lantern artist Louise Zhang will be in conversation about the Lunar Lanterns on Thursday evening from 7:30pm at Customs House in Sydney.

Closer to home there are regular activities at the Nan Tien Temple in Berkeley.

Wednesday will see the Chinese New Year Blessing Ceremony, a Dharma service plus offering to Buddhas and Celestial Guardians on Saturday, and special free cultural performances on Sunday.

The Guizhou Song and Dance Theatre company will present two performances with some of their award-winning works in the courtyard from 12pm – 12:45pm and another at 2pm-2:45pm. For details visit www.nantien.org.au