She said despite heartbreaking tragedy, his final moments were "graceful and dignified".
"Olney was in the middle of his third song when he stopped, apologised and shut his eyes," she wrote.
Olney was giving his second festival performance of the day.
"Olney was in the middle of his third song when he stopped, apologised, and shut his eyes," Rigby wrote on Facebook.
He was very still, sitting upright with his guitar on, wearing the coolest hat and a beautiful rust suede jacket we laughed about because it was raining like hell outside the boathouse where we were playing.
"I just want the picture to be as graceful and dignified as it was because it at first looked like he was just taking a moment," she continued.
"Scott Miller had the presence of mind to say we needed to revive him. Doctors in the audience and 30A folks were all working so hard to get him to come to ... We all lost someone important last night."