The Albertinum was built between 1884 and 1887 by extending a former armoury, or arsenal, that had been constructed between 1559 and 1563 at the same location. The new building was designed by the regional master builder Carl Adolf Canzler in the Renaissance Revival style to house the royal "Collection of Antique and Modern Sculptures". The building was named after the Saxonian King Albert who reigned at the time. In 1889, the Sculpture Collection was moved in and has since remained there.Destroyed in the February 13, 1945 bombing of Dresden in World War II, the Albertinum was rebuilt by 1953.Besides the Sculpture Collection, the Albertinum has housed the New Masters Gallery (Galerie Neue Meister) in the upper rooms since 1965. It was also the temporary postwar home of the Numismatic Cabinet (Münzkabinett) and the Green Vault (Grünes Gewölbe) until the exhibitions were moved to the rebuilt Dresden Castle in 2002 and 2004, respectively.The floods of 2002 necessitated renovating the Albertinum and building a new flood-proof depository. After closing in 2006, the building was finally reopened on June 20, 2010 as a "house of the modern" with the New Masters Gallery and the Sculpture Collection, "designed for encounters between painting and sculpture, between the Romantic and the Modern".