Gustav Ritter von Epstein’s first and foremost concern was to devote his life and his wealth to the promotion of the arts and to charity.

By the time he moved to the Ringstrasse palace, his poor health had already forced him to entrust the management of the banking and trading business inherited from his father to his authorised representatives. Now he sought to make his ideas of a life filled with the aesthetic enjoyment of the arts become reality, both in his richly designed and artistically furnished rooms and on his frequent journeys to Italy.