A famous painter returns to Spain under a false name as he once had to run away, to meet his half gypsy daughter, who has become a flamenco dancer. He offers her his house, making popular rumors take flight.
In Madrid, during a popular festival, Don Paco, the owner of a freak show called The Palace of Wonders, has to deal with the demands of Levinsky, a sinister character who apparently has something to hide…
On her journey to a provincial capital, Elena falls for the director of the Company of Zarzuela and leaves with him, despite opposition from his father. But the guilt of having abandoned him pursues her constantly to the point to shake their relationship.
