PORTLAND – “Tracing the Fore,” the controversial landscape sculpture currently in Boothby Square, is sailing off to North Deering.

The sculpture, for which the city paid $135,000, was recently removed from the city’s art collection and offered up at an auction. The only bidder was a company called PWM Land, which is located on Marginal Way and owned by Bowball Investments, which offered $100 for the piece.

PWM Land will also have to post a $10,000 performance bond to make sure the sculpture is removed properly and the land where it was located filled with loam and seeded for grass.

Scott A. Cohen, the manager of PWM Land, said the sculpture will be moved to a sculpture garden in North Deering. He declined to identify the location, but said some “kinetic sculptures,” created by Falmouth artist Jim Gallante, are already in the garden.

Eventually, the garden’s nine “rooms” will be filled with sculptures and the long-term plan is to turn the land over to the city, Cohen said, although that could be decades off.

Cohen declined to offer any information about Bowball Investments and a website for the company also had no information beyond a home page with the company name and identifying it as “a private investments company.”

Cohen said he would like to move the sculpture in September or October, although the city’s request for proposals that outlined the bidding procedure said it has to be done within two weeks of signing a contract for the sale. A city official said that contract is ready for signing but that Cohen could request a change in the terms to give him more time to remove the sculpture.

“Tracing the Fore” consists of rolling metal “waves” and long grass, designed to evoke the Fore River, which once reached near Boothby Square. Owners of businesses around the square said the grass never grew properly and the site had become weed-infested.