The palace's name refers to its former ownership by the Kinsky (Czech: Kinský) noble family.

The building was designed by Kilian Ignaz Dientzenhofer and is Rococo in style.

[2] Later Austrian and Czech Nobel Peace Prize winner Bertha von Suttner (née Countess Kinsky von Wchinitz und Tettau) was born in the building in 1843.

[1] In the interwar period, the palace housed the legation of the Republic of Poland (1922–1934).

[1][2] Since 1949, the palace has been under the administration of the National Gallery, and the building is currently used as an art museum.