Each of the ox sculptures will be decorated by local and international artists.
More than 30 life-sized ox sculptures will take over Oxford next year.
Amelia Foster, chief executive of Sobell House Hospice, which is behind the project, said it was "designed to bring the city together".The official launch party takes place later at Blavatnik School of Government in Oxford, where the first decorated oxen will be on display in an exclusive unveiling for sponsors.
The event, which runs until the end of August next year, is being carried out in partnership with Wild in Art, which has created similar art events across the world - including in Manchester, Sydney, Cape Town and São Paulo.
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