Thousands joined in the fun on the final day of the festival at Coronet Peak, with Mountain Bikes on Snow followed by the closing concert featuring dDub. dDub is one of New Zealand's best-loved live acts.
The band gave a powerful performance on the mountain-top stage in front hundreds of party-goers dancing as the sun went down.
The on-mountain wrap party also heralded the first night-skiing session of the season.
Festival Director Simon Green said Queenstown's Winter Festival was a celebration of all things winter, which had grown from humble beginnings in 1975 into the southern hemisphere's biggest winter party.
"Thousands of people now come from around New Zealand and the world for the annual festival, with the Tourism Research Institute putting the overall cash injection back into the economy at a massive $17.3 million," he said.
The crowd numbers at each event had been "spectacular".
Prime Minister John Key got the party officially started at the opening on June 25.
"The opening party was the biggest crowd I can recall.
Thousands of locals and visitors came together to kick off 10 days of winter fun with a spectacular fireworks display and live music from our new stage over the lake," Mr Green said.
The official opening party finished with Queenstown favourites The Lynch Mob performing the best of Pink Floyd.
New events had been well received, especially the Thriller in the Chiller charity boxing event on June 27 at Queenstown Events Centre.
"The Thriller in the Chiller was whole-heartedly embraced by Queenstown locals.
We need to keep that on the festival calendar for next year," he said.
He said the festival had not lost its dedication to providing free events for the community.
The Festival Parade and Family Fun Day, the Day on the Bay and a concert by Kiwi rock legends Dragon during Mardi Gras were all free events.
"It was a struggle providing free events from a funding perspective. It's a challenge for the committee to keep the level of free events when our community funding has declined over the past couple of years," he said.
The axing of the Mardi Gras Parade was because of a lack of funding from community trusts, he said.
A 24-year-old Queenstown resident underwent surgery after she fractured a vertebrae while participating in the Birdman competition on June 27.
She was recovering well and the festival committee would be fully investigating how future incidents could be avoided.
The festival hit a high note on Saturday as Sola Rosa, Eru Dangerspiel, LA Mitchell, Coast and Vanessa Kelly took to the stage for the hugely popular Lindauer Jazz Night, held in Skyline's mountain-top complex.
"The Lindauer Jazz Night saw the Skyline Gondola packed to capacity with a bunch of very happy festival-goers dancing the night away," Mr Green said.
