Peñafiel is a town in
Valladolid Province, autonomous community of
Castile and León, Spain, best known for the
Peñafiel Castle and for its medieval square used for bullfights and named "
Plaza del Coso" (English: "El Coso Square"). The square is surrounded by private homes, but since medieval times the rights to use their windows, balconies and doorways during bullfights are owned by the town (see
easement), which auctions them to the highest bidders.