From [Python 2.Docs]: Built-in Functions - class object (emphasis is mine):
Return a new featureless object. object is a base for all new style classes. It has the methods that are common to all instances of new style classes.
You could also check [Python]: New-style Classes (and referenced URLs) for more details.
>>> import sys
>>> sys.version
'2.7.10 (default, Mar 8 2016, 15:02:46) [MSC v.1600 64 bit (AMD64)]'
>>>
>>> class OldStyle():
... pass
...
>>>
>>> class NewStyle(object):
... pass
...
>>>
>>> dir(OldStyle)
['__doc__', '__module__']
>>>
>>> dir(NewStyle)
['__class__', '__delattr__', '__dict__', '__doc__', '__format__', '__getattribute__', '__hash__', '__init__', '__module__', '__new__', '__reduce__', '__reduce_ex__', '__repr__', '__setattr__', '__sizeof__', '__str__', '__subclasshook__', '__weakref__']
>>>
>>> old_style = OldStyle()
>>> new_style = NewStyle()
>>>
>>> type(old_style)
<type 'instance'>
>>>
>>> type(new_style)
<class '__main__.ClassNewStyle'>
In the above example, old_style and new_style are instances (or may be referred to as objects), so I guess the answer to your question is: depends on the context.
objectis a class (a type) in Python. In python 3, the type hierarchy has been unified (i.e. there are only new-style classes) so everything is anobject, i.e. it is always true thatisinstance(x, object)for anyx, just as it is true thatisinstance(42, int), and bothobjectandintare class objects.