The basis and origin of Art Museum Riga Bourse are the collections of the former Foreign Art museum. The new museum has taken over the international collaboration of the Foreign art museum and uses its experience, which it gained over the many years of its existence. 1920 is considered to be the foundation year of the Foreign Art Museum when the State Art Museum of Latvia was established. For more than ninety years it was located in one of the most beautiful cultural monuments – the Riga castle. The history of its collection dates back even further: to the end of the 18th Century and especially the 19th century when former Riga town councillors, merchants and burgomasters started to collect. In the Art Museum Riga Bourse it is also made possible to get acquainted with a part of the collection of the former Courland Provincial Museum (Jelgava) and the Latvia University collections. From 2010 Art Museum Riga Bourse is a part of Latvian National Art Museum.