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Coat of Arms during the Vacancy of the Holy See

The papal conclave of 1492 (August 6 – August 11, 1492) convened after the death of Pope Innocent VIII (July 25, 1492), elected Rodrigo Borja as Pope Alexander VI. The first conclave to be held in the Sistine Chapel, the election is notorious for allegations of simony.

Of the twenty-three cardinals participating in the conclave, fourteen had been elevated by Pope Sixtus IV. The Cardinals of Sixtus IV, known as the "Sistine Cardinals" and led by Giuliano della Rovere, had controlled the conclave of 1484, electing one of their own, Giambattista Cibo as Pope Innocent VIII.

Since 1431 the composition of the College of Cardinals had been radically transformed, increasing the number of cardinal-nephews (from 3 to 10), crown-cardinals (from 2 to 8), and representatives of powerful Roman noble families (from 2 to 4). With the exception of three curial officials and one pastor, the cardinals were "secularly-minded princes largely unconcerned with the spiritual life of either the Latin church or its members." At the time of Innocent VIII's death, the names of Cardinals Gherardo and Sanseverino had not been published, thus making them ineligible to participate in the conclave; however, both were published as an act of the College in sede vacante, Gherardo having been pushed by Orsini and Sanseverino by Sforza.
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