When was the first part of the Louvre built?

The Louvre palace was begun by King Francis I in 1546 on the site of a 12th-century fortress built by King Philip II. Francis was a great art collector, and the Louvre was to serve as his royal residence.



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According to French historian Patrice de Moncan, “the Louvre, minus its contents, is worth a staggering $10.5 billion,” and its artworks and objects “have a likely MINIMUM value of $35 billion.” To put this into perspective, it would take someone with a $10 million annual salary 4,550 years to accumulate this wealth.

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Guinness World Records lists Leonardo da Vinci's Mona Lisa as having the highest ever insurance value for a painting. On permanent display at the Louvre in Paris, the Mona Lisa was assessed at US$100 million on 14 December 1962. Taking inflation into account, the 1962 value would be around US$970 million in 2022.

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The Louvre, or the Louvre Museum, is a national art museum in Paris, France. It is located on the Right Bank of the Seine in the city's 1st arrondissement and home to some of the most canonical works of Western art, including the Mona Lisa and the Venus de Milo.

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The Mona Lisa is priceless. Any speculative price (some say over a billion dollars!) would probably be so high that not one person would be able or willing to purchase and maintain the painting. Moreover, the Louvre Museum would probably never sell it.

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