Originally built as a residence for Ulrik Frederik Gyldenløve, it has served as the base of the Royal Danish Academy of Fine Arts since its foundation in 1754.

The site was donated by King Christian V to his half brother Ulrik Frederik Gyldenløve on 22 March 1669 in connection with the establishment of Kongens Nytorv.

In his old age, the large mansion became too big for Gyldenløve, who sold it to the dowager queen Charlotte Amalie in 1700, hence the name.

The small school slowly grew and was finally formally inaugurated in the Charlottenborg Palace on March 31, 1754.

Charlottenborg is a four-winged, three-storey building designed in the Dutch Baroque architecture style but also with some Italian influence.

[2] In the rear wing, above the arcade, there is a well-preserved domed Baroque room with a splendid stucco ceiling.