The Ludwig is in a large and airy section of the Palace of Arts (Művészetek Palotája), which opened in 2005 next to the new National Theater. It holds the country's most important collection of contemporary Hungarian and international art, with a special emphasis on works by central European contemporary artists from the 1990s. International heavyweights such as Picasso and Warhol are represented, but try to also seek out works by Hungarian artists like Imre Bukta, Beáta Veszely, and Imre Bak. There are frequent special exhibitions, which often attract lots of attention.