The Kunsthalle owes its existence to an initiative by the Kunstverein in Hamburg (Hamburg Art Union), which was founded in 1817 and opened the first "public municipal painting gallery" in the Börsenarkaden in 1850. The collection grew rapidly due to the contribution of gifted works, and it soon became necessary to provide a building in which to house it. In August 1869, financed largely through donations, the Hamburg Kunsthalle was opened.