Theater was founded by a group of actors who were trained from the actors school at the Odense Teater, namely Christian Steffensen, Søren Sætter-Lassen and Lars Liebst. During the time a student had played the Holberg-play "Henrik and Pernille". They got the urge to repeat the success, which they did in the Danish Museum of Art & Design to which the theater is named after. Lars Liebst was theater director until 1996, when he was followed by Klaus Bondam. Since 2003, Steen Stig Lommer has been theater director.
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The theater behaved 1987-1993 also works in Ridehuset at Christiansborg, including Svend Åge Madsen's Dødens Theater (1987), as in 1994 and 1995 made the Christmas performances of Charles Dickens in the Tivoli Glassal. In 2007, Holberg's theater-classic "Erasmus Montanus" was played.