One Family, One House
The Palais was built in the historicism style on behalf of the Epstein family between 1868 and 1871. Coming from Prague, the Epsteins were entrepreneurs who became wealthy with the flourishing textile industry at the end of the 18th century.
Over decades, the family shifted its economic and private focus to Vienna, the most important commercial and financial center of the monarchy.
After the sale of their factories, the banking business became the central focus of the family's economic activities. Leopold Epstein thus became the richest banker in Vienna and the director of the National Bank.