Charlottenborg Palace is said to be a home where one can learn about Danish Art. This is primarily because of the presence of the Royal Academy of Fine Arts in its grounds. The art learning atmosphere in the palace is further reinforced likewise with the presence of Kunsthal Charlottenborg and Danmarks Kunstbibliotek, a contemporary art institution and the Royal Art library, respectively.
The palace did not function as such when it was first built. It was used as place of residence by Ulrik Frederik Gyldenløve, the half brother of King Christian V. The site of the palace was donated by the king. Gyldenløve's home was the very first structure built in the new square. He eventually sold the palace to dowager Queen Charlotte Amalie, hence the name of the structure.
Upon Queen Charlotte's death, the palace was passed on to King Christian VI. After a series of renovations, the palace was slowly converted into a place of the arts. Various concerts, theatrical performances, and operas were held. The original Academy of Arts began conducting its activities sometime in 1701. Fifty-three years later, the Royal Danish Academy of Arts was inaugurated. The palace is now owned by the school.
Visitors to the palace will marvel at its magnificent Dutch Baroque style design with a touch of Italian influence. The floor plan is very similar to that seen in French castles. The palace continues to be one of the most beautiful spaces where contemporary Danish and European Art can be appreciated.