(Bloomberg) — ABBA, the Swedish pop band whose hits include “Dancing Queen” and “The Winner Takes It All,” will get its own museum in Stockholm showcasing the group’s music and style.The museum will display the group’s music, clothes, history, images and instruments, Ewa Wigenheim-Westman and Ulf Westman, the couple behind the plan, said in a statement on the ABBA Web site today. The museum, inspired by the Beatles Museum in Liverpool, England, may attract some 500,000 visitors each year, they said.

“ABBA is one of our largest contemporary cultural treasures,” Wigenheim-Westman said. “With 370 million records sold, only Elvis and the Beatles have had larger sales in musical history.” The couple said they are now looking for a suitable location for the museum in central Stockholm.

The Swedish pop group, whose song “Gimme!, Gimme!, Gimme!” was sampled in a recent Madonna song, still sells several million albums each year, a quarter century after the band split up. The four band members, Agnetha Faeltskog, Benny Andersson, Bjoern Ulveaus and Anni-Frid Reuss, gave the museum their blessing. “It’s great that someone feels like taking on our musical history and making it accessible,” they said in a joint statement. “We hope and believe that it will be a fun and groovy museum to visit.”