Built between 1893 and 1903 by Mongolian masters, this palace was dedicated to the VIII Bogd Gegeen, head of Tibetan Buddhism and Khan of Mongolia from 1911 until 1924 (the last three years of which were as a constitutional monarch). Upon his death, the palace became the first national historical museum of Mongolia. The museum contains twelve collections showcasing valuable objects and works of art from the 17th to early 20th centuries (notable among which are gilded bronze sculptures by the first Bogd Javzundamba Zanabazar and his school, 19th- and 20th-century thangka paintings, a Jugder painting of Ulaanbaatar in 1912, and works by modern Mongolian painter B. Sharav), as well as personal possessions of the Khan and his wife, Queen Dondogdulam.