It is exactly 90 years since the Palace of the Bogd Khaan became a museum. Located in the southern part of Ulaanbaatar, it was the winter residence of the last ruler of Mongolia, the Bogd Khaan, Javzandamba. The palace compound was built between 1893 and 1903, and is well known for its Gate of Peace, its temple and the personal library of Bogd Khaan. The museum was opened in 1926.

The collection of the Palace Museum numbers over 8,000 exhibits, of these 72 are certified by the State as being unique; some are priceless artifacts. The museum welcomes 19-20 thousand visitors each year; between 70 and 80 percent are from foreign countries.

This is the only remaining palace of the four residences of the last Mongolian ruler. This palace displays the collection of personal belongings of the last Khaan and his wife as well as a wide variety of Buddhist arts. More modern  paintings, such as those  of Marzan Sharav, depicting with a slice of humour and irony scenes from the everyday life of Mongols at the turn of this century always attract a lot of attention.