The Pallas Art Gallery in the centre of the Old Town of Prague was opened eight years ago in the autumn of 1992. Next to dozens of art galleries on the territory of the Czech capital which are defined by artistic generation, theme or field of art, the Pallas Art Gallery is one of few which have orientated their activity to the avantgarde betwen the two world wars. Its collection and range of exhibitions are not unreservedly limited by the said time horiyon. Next to classic modernism it is gradually building up a collection of centemporary artists, namely representatives of the so-called generation of the 1960 s. The said authors are represented in many disciplines - paintings, drawings, sculptures, graphic art, applied art. The art gallery is involved in commercial and other activities.