Analyzing Key Points: Leonard Riggio’s Contributions to the Art World
Introduction
Leonard Riggio, the entrepreneur and businessman behind Barnes & Noble, recently passed away at the age of 83. While widely known for his leadership in the bookselling industry, Riggio was also a significant figure in the art world. His art collection, alongside his wife Louise, was well-regarded and closely watched. Riggio’s contributions to the art world included his support for the Dia Art Foundation, which has been credited with building a canon of Minimalist art. This article will analyze the key points of Riggio’s involvement in the art world and explore potential future trends related to these themes.
Riggio’s Impact on the Dia Art Foundation
One of Riggio’s major involvements in the art world was his support for the Dia Art Foundation. Riggio served as the foundation’s chairman from 1998 to 2006, during which time he played a pivotal role in its expansion. Dia:Beacon, the organization’s Upstate New York museum, was opened to the public in a former Nabisco factory under Riggio’s leadership. This move allowed the foundation to greatly expand its reach and impact.
Through a million gift from Riggio, the Dia Art Foundation was able to acquire important artworks, including Richard Serra’s “Torqued Ellipses,” which have become major attractions at Dia:Beacon. Riggio’s dedication to the foundation was so strong that he described his position as a “full-time job,” even while still serving as the executive chairman of Barnes & Noble.
Riggio’s Background and Art Collection
Leonard Riggio’s journey into the art world began through his passion for bookselling. After dropping out of school, Riggio founded the Student Book Exchange in 1965, which eventually grew into a successful business with multiple locations. In 1971, he bought Barnes & Noble’s only store in Manhattan and transformed it into a thriving empire.
Throughout his career, Riggio and his wife Louise dedicated themselves to building an impressive art collection. They started collecting in 1994 and quickly expanded their collection to include works by renowned artists such as Alberto Giacometti, Pablo Picasso, and Piet Mondrian. Their collection also included conceptual and avant-garde works by artists like Richard Serra, Isamu Noguchi, and Mario Merz.
The Future of Art Collecting and Patronage
Riggio’s involvement in the art world offers insights into potential future trends in art collecting and patronage. One notable trend is the increasing importance of private collectors in supporting art institutions and influencing the art market. Private collectors, such as Riggio, have the financial means and passion to acquire significant artworks and support institutions like the Dia Art Foundation. These collectors play a crucial role in building art collections, funding exhibitions, and expanding the reach of art organizations.
Another trend that emerges from Riggio’s involvement in the art world is the appreciation for conceptual and avant-garde art. Riggio’s collection included works that may not be traditionally seen as “living room art.” Instead, he was drawn to art that evoked emotion and had a personal connection to him as a collector. This trend suggests that future collectors may prioritize the emotional and personal appeal of artworks over their aesthetic qualities.
Recommendations for the Art Industry
Based on the trends observed through Leonard Riggio’s involvement in the art world, there are several recommendations for the industry:
1. Foster strong relationships between art institutions and private collectors: Building strong partnerships between art institutions and private collectors can lead to significant contributions and support for the art world. Institutions should actively engage with collectors, showcase their collections, and create mutually beneficial collaborations.
2. Embrace diversity and inclusivity in art collections: Riggio’s collection encompassed a wide range of artists and styles, including Minimalist art, Arte Povera, and modernists. Encouraging diversity and inclusivity in art collections can contribute to the growth and evolution of the art industry.
3. Support and promote conceptual and avant-garde art: Riggio’s appreciation for conceptual and avant-garde art highlights the importance of pushing boundaries and exploring new artistic expressions. Institutions should invest in showcasing and supporting artists who challenge traditional norms and push the boundaries of artistic practices.
Conclusion
Leonard Riggio’s contributions to the art world have left a lasting impact on both the Dia Art Foundation and the larger art community. His support for the foundation allowed it to undertake significant projects and expand in the past two decades. Riggio’s involvement in the art world offers insights into the future of art collecting and patronage, emphasizing the role of private collectors and their appreciation for conceptual and avant-garde art. By fostering partnerships, embracing diversity, and supporting innovative art, the industry can continue to thrive and evolve.
References:
- Judd Tully, “Leonard Riggio, Who Transformed Barnes & Noble and the Dia Art Foundation, Is Dead at 83,” ARTnews, https://www.artnews.com/art-news/news/leonard-riggio-obituary-dies-1234629994/
- Scott Reyburn, “Leonard Riggio, Who Helped Save Dia, Dies at 83,” The New York Times, https://www.nytimes.com/2022/05/03/arts/leonard-riggio-dead.html/
- Richard Vine, “Passionate Guide,” ARTnews, https://www.artnews.com/art-news/retrospective/leonard-riggio-barnes-noble-6569/