The palace was built in the first half of the 16th century on the basis of a combination of three medieval houses, including the residence of Rinaldo del Albizi. The current appearance of the palace was acquired at the end of the 16th century, when the new owner, Senator Baccio Valori Jr. , curator of the Mediceo Laurenziana library, commissioned a new faç ade design by architect and sculptor Giovanni Battista Cacchini. According to the owner himself, the facade is decorated with 15 bas-reliefs - portraits of prominent scientists and artists of Florence.→