An anchor assembly for hanging an object on a wall includes a first anchor component and a second anchor component. The second anchor component is pivotably associated with the first anchor component for movement between an anchoring orientation and a non-anchoring orientation to enable staged installation of the anchor assembly into a wall. At least one wall penetrating retainer extends from each of the first and second anchor components. When the second anchor component is in the anchoring orientation a curved configuration of the wall penetrating extent of the retainer of the second anchor component opposes a curved configuration of the wall penetrating extent of the retainer of the first anchor component to form a jaw-type arrangement.