Oscarshall was sold by King Carl IV to the Norwegian state in 1863. The palace was almost given a new role when it was decided in 1929 that Oscarshall would become the new residence of Crown Prince Olav and Princess Märtha. These plans were never realized, however, as both financial problems and political opposition arose. The situation was later solved when Fritz Wedel Jarlsberg sold his estate Skaugum to the royal couple. Today it is the property of the state and is placed at the disposal of the King.
