We experimentally investigate the statistical behaviour of a model two-dimensional granular system undergoing stationary sedimentation. Buoyant cylindrical particles are rotated in liquid-filled drum, thus confined in a harmonic centripetal potential with tunable curvature, which competes with gravity to produce various stationary states : though heterogeneous, the packing fraction of the system can be tuned to be fully dispersed to fully crystallised as the rotation rate is increased. We show that this dynamical system is in mechanical equilibrium in the confining potential and exhibits a thermal-like behaviour, where the granular pressure and the packing fraction are related through an equation of state. We obtain a semi-analytical expression of the equation of state allowing to probe the nature of the hydrodynamic interactions between the particles. This description is valid in the whole range of the physical parameters we investigated and reveals a buoyant energy scale that we interpret as an effective temperature. We finally discuss the behaviour of our system at high packing fractions and the relevance of the equation of state to the liquid-solid phase transition.Statistical approaches to the phase behaviour of granular matter have flourished during the past years, from kinetic theories to Edwards hypothesis, culminating with the jamming paradigm [1]. However, no unifying framework has yet emerged that captures the physics of this class of systems in the same the way as thermal statistics for molecular systems. Energy dissipation and athermality are two defining features of granular matter : since thermal fluctuations are irrelevant for millimeter-sized particles, achieving a dynamical steady state requires a continuous energy injection to compensate for the dissipative processes. This usually takes the form of a mechanical agitation which plays the role of the thermal bath. When this is achieved, particles behave like a fluid, and for 2D monodisperse systems, the granular fluid crystallises when the density of particles is increased [2-6]. These observations are very similar to what is observed in simulations of hard disks with elastic collisions [7,8], or for colloidal systems [9][10][11][12], despite the fact that granular fluids are out of equilibrium. However, the depth of this analogy remains elusive, partly due to dissipative processes like solid friction, e.g. the so-called granular temperature does not equilibrate between phases when there is coexistence [13]. This leads to question to what extent concepts from thermodynamics can be exported to these out of equilibrium situations [14-18].On the one hand, most of the experimental studies on dense granular media have been carried out by controlling the packing fraction, e.g. by changing the number of particles in a given fixed volume with hard walls [4]. On the other hand, simple granular sedimentation experiments cannot be sustained within dynamical steadystates for long enough to decipher the resulting statistical ensemble they evolve in. Here we p...