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
History of the Palace of Versailles well as a symbol of the system of absolute monarchy of the Ancien Régime. The earliest mention of the name of Versailles is found in a document which predates 1038, the Charte de l'abbaye Saint-Père de Chartres (Charter of the Saint-Père de Chartres Abbey), in which one of the signatories was a certain Hugo de Versailliis (Hugues de Versailles), who was seigneur of Versailles. During this period, the village of Versailles centred on a small castle and church, and the area was governed by a local lord. Its location on the road from Paris to Dreux and Normandy brought some