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All the trade routes of the Dubrovnik Republic passed through this beautiful and luxurious palaces. With its playful and peculiar beauty confirms the originality of the of Dubrovnik constructions. The courtyard of the palace was the most important rendezvous place of traders and other businessmen of the Dubrovnik Republic. In one wing of the palace was the state forge of money.It became the cultural center of the Dubrovnik Republic, meeting place for the most educated people of the city and where they discussed art, literature and all the scientific achievements of its time. the first school in Dubrovnik was organized here.

Today the palace Sponza archives material from Dubrovnik's history. On the square in front ofthe Palace each year takes place the opening ceremony of the cultural events Dubrovnik Summer Festival, where actors dressed in costumes of prince and nobles are returning visitors and all citizens of Dubrovnik in ancient times.
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