The observation of Bose-Einstein condensation, in which particle interactions lead to a thermodynamic transition into a single, macroscopically populated coherent state, is a triumph of modern physics [1][2][3][4][5] . It is commonly assumed that this transition is a quantum process, relying on quantum statistics, but recent studies in wave turbulence theory have suggested that classical waves with random phases can condense in a formally identical manner [6][7][8][9] . In complete analogy with gas kinetics, particle velocities map to wavepacket kvectors, collisions are mimicked by four-wave mixing, and entropy principles drive the system towards an equipartition of energy. Here, we use classical light in a self-defocusing photorefractive crystal to give the first observation of classical wave condensation, including the growth of a coherent state, the spectral redistribution towards equilibrium, and the formal reversibility of the interactions. The results confirm fundamental predictions of kinetic wave theory and hold relevance for a variety of fields, ranging from Bose-Einstein condensation to information transfer and imaging.Weakly interacting bosons may exhibit, under extremely low temperatures, a Bose-Einstein transition [1][2][3][4][5] . This transition is characterized by a macroscopic occupation of the ground state. The quantum nature of the bosons involved is crucial for this process, and indeed Bose-Einstein condensation (BEC) is a wonderful manifestation of quantum mechanics at a macroscopic scale. On the other hand, a growing body of theoretical work has predicted that completely classical waves may undergo an analogous condensation process [6][7][8][9] . The requirements are a random ensemble of waves, so that statistical arguments apply, and a means of interaction between modes. Examples include sea waves stirred by wind, vibrations on elastic plates, interacting oscillators, and diffracting light that propagates in a nonlinear medium 6,10,11 . As these systems evolve, turbulent wave mixing leads to a self-organized redistribution of energy: an inverse cascade increases the 'number of waves' in the lowest allowed mode while a normal cascade transfers energy towards higher momenta. The process is ruled by the natural thermalization of a conservative Hamiltonian wave system. As with the collisions of particles, each wave interaction is formally reversible, yet entropy principles mandate that the ensemble evolves towards an equilibrium state of maximum disorder. In this way, a large-scale coherent structure grows and becomes immersed in a sea of small-scale fluctuations ('uncondensed particles'), which store the information necessary for reversible evolution of the waves. Here, we directly observe this process of wave condensation, as well as its formal reversibility, by imaging classical light dynamics in a photorefractive crystal.