A new sculpture by one of Maine’s best-known contemporary sculptors has been acquired by the Portland Museum of Art and will be installed Thursday in the museum’s outdoor sculpture garden on High Street.

John Bisbee’s “Hearsay” sculpture represents a giant cone made of brightly colored 12-inch spikes or nails. It has been on display in the museum’s Great Hall.

Graeme Kennedy, the museum’s spokesman, said the sculpture will be shown permanently in the Joan B. Burns Sculpture Garden. It will be taken through the front entrance of the Charles Shipman Payson building and down High Street to the garden, where it will be installed Thursday morning.

Kennedy said the museum’s decision to put the sculpture on public view in the garden “demonstrates its commitment to public art and its important role in Portland.”

Bisbee lives in Brunswick. His work has been reviewed by The Boston Globe, The New Yorker and The New York Times.