The Kinsky (Golz-Kinsky) Palace, dominating the northeastern side of Old Town Square, is a work attributed to the late Baroque architect Anselmo Lurago from 1755–1765 (an earlier hypothesis about the participation of Kilian Ignaz Dientzenhofer has been discredited). The palace was built for Earl Johann Ernst Golz, but soon after it was finished Franz Oldrich Kinsky bought it. The palace is decorated with sculptures by Ignaz Franz Platzer, representing allegories of the elements. These sculptures on the attic of the palace were damaged in May 1945 and therefore they were replaced by copies after the war.
The adjacent buildings, At the Half of the Golden Star on the left (formerly no. 607/I) and At the Stone Bell on the right, were connected to the palace in the 1830s. The houses were modified by Jan Ondrej Kranner to unify the facades with the central palace (the latter was later restored to its oldest appearance).
The palace was not damaged much during the May Uprising, only two windows were shot out and several other windows had broken glass panes, as can be seen in the photograph. The palace, one of the buildings of the National Gallery in Prague since 1949, played a role in communist propaganda as well. Supposedly, according to a later interpretation of the events which occurred in February 1948, Klement Gottwald gave his historic speech on 25 February standing on the balcony of the palace. However, the speech, with the famous words, “I have just returned from the Castle”, was actually given in a different place, on Wenceslas Square. He had spoken to the crowds from the balcony of Kinsky Palace earlier, on 21 February.