The Velázquez Palace, located in El Retiro Park, is a beautiful building that houses the Museum of Contemporary Art. It was originally built as a temporary pavilion for the Philippine Islands Exhibition in 1887 and later transformed into an art museum. The museum showcases a diverse collection of contemporary artworks, including paintings, sculptures, and installations. Visitors can explore exhibitions featuring works by both Spanish and international artists, providing a glimpse into the ever-evolving world of contemporary art. The Velázquez Palace offers a unique cultural experience within the picturesque surroundings of El Retiro Park.