Olympia Bay was born in Despotiko, Ioannina. In 1996 she settled in Heraklion, Crete, where she pursued independent painting classes at the Art Atelier of painter Renate Georgantopoulou – Crevaux, the workshop of painter Georgios Th. Georgiadis, and the workshop of painter and engraver Manolis Apostolakis.

She has held solo exhibitions mainly in Heraklion, and has also taken part in group exhibitions.