 Waldmann was beheaded on 6 April 1489 following accusations of financial corruption, foreign connections and sodomy.The equestrian monument at the Münsterhof plaza in front of the Fraumünster church () at the Münsterbrücke crossing of the River Limmat was unveiled on 6 April 1937 by the Kämbel guild, aiming to rehabilitate Waldmann who they proposed had been the victim of a judicial murder.It was the subject of controversy for artistic reasons, deemed by conservative critics as being overly modern for the historical city centre.