The nine-foot high granite column split in two when it was being put in place last December but emergency repairs meant the unveiling by the Bailiff, Sir Philip Bailhache, could go ahead as planned.
Fortunately the giant crapaud which sits on top of the column was not in place at the time of the accident.
Mr Young was commissioned to produce a new column, which is inscribed with the Le Geyt Code of 1698.
Fellow sculptor Russell Coleman helped Mr Young make sure that this time nothing went wrong.
Mr Young hit the national headlines in March when a run of bad luck in his hometown, Carlisle, was attributed to a sculpture he produced to celebrate the Millennium.
Some people blamed his Cursing Stone for a devastating flood, a major fire and the poor form of football side Carlisle United.
