The equestrian statue of King Frederik V was commissioned by Moltke, as Director for the Danish Asiatic Company, and it was made by French sculptor Jacques-Francois-Joseph Saly. Work began in 1753, and the foundation stone was laid in place in 1760 at the 100 year celebration of political absolutism in Denmark. The statue was finally unveiled in 1771, five years after King Frederik V's death in 1766.