Madrid Pride peaked Saturday with a giant parade which organizers claim is Europe's largest with an estimated 1.2 million paradegoers.

Eurovision Song Contest winner and drag queen Conchita Wurst was on hand Wednesday to open the festival.

Wurst and Ruth Lorenzo, Spain's Eurovision entrant, performed for the thousands of people who crammed into Madrid's downtown Chueca square.

Wurst returned for an encore Friday evening, performing besides various Spanish celebrities in Vicente Calderon stadium.

Saturday's parade wound through the Spanish capital's main arteries.

“I'm having a great time,” a lanky man in a blond wig told the AFP. “This is an opportunity for me to offer myself to the world of showbiz. It's also a chance to defend my rights on the subject of homophobia and all that. And also to have a bit of fun, a bit of personal satisfaction.”

Spain, which legalized marriage for gay couples in 2005, leads in the acceptance of gay men and lesbians.

(Related: Spain leads in acceptance of gays; Less tolerance in more religious countries.)