In 1967, the State of Liechtenstein received a gift of ten paintings which resulted in the foundation of the State Art Collection of Liechtenstein the following year. The first curator of the collection was Dr. Georg Malin, a Liechtenstein artist, historian and art historian. He soon expanded the collection to include international modern and contemporary art.
The building of the Kunstmuseum Liechtenstein how it presents itself today was realized with the support of a group of private donors. Together with the government of Liechtenstein and the City of Vaduz, they planned and implemented the construction of the museum.
In August 2000 the building was officially donated to the Principality of Liechtenstein as a millennium gift. The government established a public foundation to operate the museum. The Kunstmuseum Liechtenstein was formally opened on November 12, 2000.
Since 1996, Mr. Friedemann Malsch is director of the Kunstmuseum Liechtenstein.