Olympia was a sacred place that attracted worshipers from around the ancient world. Starting from the 8th century BC, the religious celebrations at Olympia became associated with the Sacred Olympic Truce, honored throughout the Greek world following an agreement between the Spartan Lykourgos and the King of Elis, Iphitos. In the 5th century BC, Olympia became a place where ideas were spread, with dozens of thinkers and influential individuals coming here to exchange and pass on their knowledge and ideas.

The Archaeological Museum of Olympia is one of the principal museums of Greece, located in Olympia. It is overseen by the Ministry of Culture and Sports, and, as of 2009, is directed by Georgia Chatzi. When the original building was completed and opened in 1882, it was the first museum in Greece outside of Athens. The museum houses discoveries from the surrounding area, including the site of the Ancient Olympic Games. The collection includes objects produced and used in the area from prehistory to its time under Roman rule. The principal pieces in the museum are Hermes and the Infant Dionysus (attributed to Praxiteles), some objects from the Temple of Zeus, the Nike of Paionios, as well as an oenochoe that belonged to Phidias. The extent of its bronze collection makes it one of the most important in the world.

The archaeological site held over 70 significant buildings, and ruins of many of these survive. Of special interest to Greeks of all times is the Pelopion, the tomb of the quasi-mythical king, ancestor of the Atreids, the two kings who led their domains to war against Troy. The Peloponnesus is named for Pelops. The tomb suggests that he may not have been entirely mythical.

The ancient Olympic Games were a series of athletic competitions among representatives of city-states and one of the Panhellenic Games of Ancient Greece. They were held in honor of Zeus, and the Greeks gave them a mythological origin. The first Olympic Games are traditionally dated to 776 BC. The games were held every four years, or Olympiad, which became a unit of time in historical chronologies. They continued to be celebrated when Greece came under Roman rule, 2nd century BC. Their last recorded celebration was in AD 393, under the emperor Theodosius I, but archeological evidence indicates that some games were still held after this date. The games likely came to an end under Theodosius II, possibly in connection with a fire that burned down the temple of the Olympian Zeus during his reign