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Yerebatan Sarnici in Turkish,one of the magnificent historical constructions of Istanbul is the Basilica Cistern, located near south-west of Ayasofya (Hagia Sophia). This huge cistern, which was founded by Justinianus I, a Byzantine Empire (527-565), began to be called by the public ‘the Sinking Palace’ – and not without a reason, seeing the great number of marble columns arising out of the water. In place of the cistern was formerly found a great Basilica, which had probably been built in IIIrd or IVth century during the Early Roman Age to be used in commercial and legal affairs and scientific and artistic activities. The basilica was reconstructed by Ilius after it had burned down in a conflagration that broke out in 476. Then it suffered another conflagration. It had a marble statue during the calamitous Nika rebellion in 532 which terrorized the city.