Founded in 1973, the Reykjavík Art Museum is the largest visual art institution in Iceland. Its mission to present contemporary art in its many manifestations is carried out through diverse programs at the museum's three venues: Hafnarhus, Kjarvalsstadir, and Asmundarsafn. Architecture has been a part of the museum programs since 1993. The Reykjavik Art Museum has three collections of works by individual artists: Asmundur Sveinsson, Johannes S. Kjarval and Erró. The Museum is also in charge of the General art collection of the city of Reykjavik as well as most of the outdoor sculptures.

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