Palace of Versailles Colbert's mercantilism, but also to display the finest that France could produce. Estimates of the amount spent to build Versailles are speculative. An estimate in 2000 placed the amount spent during the Ancien Régime as US$2 billion, this figure being, in all probability, an under-evaluation. France's Fifth Republic expenditures alone, directed to restoration and maintenance at Versailles, may have surpassed those of the Sun King. Palace of Versailles The Palace of Versailles (; ; ) was the principal royal residence of France from 1682, under Louis XIV, until the start of the French Revolution in 1789, under Louis XVI. It
Palace of Versailles had lost over 10,000 trees during Hurricane Lothar on 26 December 1999. One part of the initiative, the restoration of the Hall of Mirrors, was completed in 2006. Another major project was the further restoration of the backstage areas Royal Opera of Versailles, which was completed in 2009. The Palace of Versailles is owned by the French state. Its formal title is the Public Establishment of the Palace, Museum and National Estate of Versailles Since 1995, it has been run as a Public Establishment, with an independent administration and management supervised by the French Ministry of Culture. The current Chairperson