In the Hellenistic Period, Greek terracottas reached a peak of technical perfection and grace, though marble sculptures declined. The early Hellenistic period, the late fourth and the third century, is characterized by "Tanagra style(fig.8)", named after the site in Boeotia, in where many examples were found. However, terracottas of this style were produced in Athens, probably Alexandria.

A woman standing is the commonest subject. These figures are identified as goddess if she has her attribute, Aphrodite with a mirror, Muse with a mask, Maenad with ivy leaves in her hair. Sometimes the colour is preserved, white, blue, green and #FFD2DA were favoured, probably same as the paints on late Attic white-ground lekythoi.

In the second century, the production in Tanagra ceased and Myrina, on the coast of Asia Minor near Smyrna, became an important producer. In the first half of this century, more complex composition is favoured. From the later half of the century, however, the composition was copied from the predecessor and the drapery lose its grace. In the Roman Period, the production of terracottas continued, especially in the eastern part of the Empire, though never retrieve its elegance.