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 markets of Paris to Versailles. They took weapons from the city armory, besieged the Palace, and compelled the King and Royal family and the members of the National Assembly to return with them to Paris the following day. As soon as the royal family departed, the Palace was closed, awaiting their return. In 1792, the Convention, the new revolutionary government, ordered the transfer of all the paintings and sculptures from the Palace to the Louvre. In 1793, the Convention declared the abolition of the monarchy, and ordered all of the royal property in the Palace to be sold at auction.