The New Era of Luxury Collecting & Investment

“High Earners, Not Rich Yet” (HENRYs) are amassing collections of luxury items not just as a personal hobby or status signifier, but as part of a strategic, long-term approach to building wealth — making them assets that require protection.

Many HENRYs are avid collectors of luxury items such as watches and jewelry, wine, sports memorabilia, and art and antiques. While the HENRYs we heard from view collecting as a form of self-expression and a means of amassing social capital, their collecting activity also reflects a slow yet strategic and investment-minded approach to building wealth. This unique duality informs not only their purchasing behavior, we found, but their decisions regarding asset protection as well. 

Who are the HENRY Collectors?

For “The New Era of Luxury Collecting & Investment,” Chubb surveyed 1,000 HENRYs ranging from their early 20s up to 45 years of age. Though relatively young, they are professionally accomplished. They are also economically ascendant — and their salaries reflect it. 

39%
are employed in executive/senior management positions
34%
are employed in specialized positions in fields such as law or medicine
88%
have an annual income of between $300,000 and $750,000
36%
earn more than $500,000 a year
LIFESTYLE

Where do they live and what do they like to do?

Compared to older cohorts of high-earning individuals, HENRYs are less likely to own a home or to have children; many of them prefer the economic flexibility that comes with renting, just as they prefer the lifestyle flexibility that comes with waiting to start a family.

 

HENRYs enjoy getting out regularly and spending their discretionary income on experiences that they find personally enriching, including traveling (73%), attending cultural events (72%) and concerts (63%), and engaging in fine dining (61%).

Meet the collectors

For today's HENRYs, collecting is deeply personal and rooted in family history, aesthetic passion, and the thrill of the hunt. But it's also strategic. These are collectors who buy with an eye on future value, building wealth one acquisition at a time. 

Jordan: The Digital Connoisseur

“I want to actively enjoy the items in my collections, whether it’s a rare bottle of wine or a beautiful vintage necklace. They’re part of my lifestyle.” 

Marcus: The Legacy Curator

“For me, collecting isn’t just about the object: It’s about honoring where I came from while at the same time building a future for my own kids.” 

Elena: The Aesthetic Investor

“I buy what I love. Experiencing the ‘thrill of the hunt’ is my favorite weekend activity.” 

Inside the report

What HENRYs are collecting

The people that Chubb surveyed bring a genuine passion to collecting, an activity that for many of them is highly personal and rooted in family history, memory, and aesthetic appreciation. 

  • 64% Watches & Jewelry
  • 51% Art/Antiques 
  • 38% Wine
  • 21% Sports Memorabilia

A springboard to building wealth

While individual purchases may originate with a burst of passion, the collections themselves are better thought of as financial assets that will appreciate over time.  

  • 43% are valued between $10K and $50K  
  • 14% are valued between $50K and $100K  
  • 5% are valued over $100K 

Where and how HENRYs are buying their collectibles

Our report identifies the favorite buying methods for different collector categories, revealing which point of purchase each category prefers: 

  • Retailers 
  • Auction houses 
  • Online marketplaces 
  • Specialist dealers 

Overcoming hesitation

Our HENRY survey respondents share their perceptions about insurance protection, including which factors make them more — or less — likely to purchase it for their collections.  

  • 47% have purchased insurance  
  • 43% have not purchased insurance  
  • 10% aren't certain 

Download the full report

Get the full story. Download the full report now and find out:

  • Why 43% of HENRY collectors have no insurance on collections worth $10,000–$100,000+ 
  • How theft, accidental damage, and coverage misconceptions leave luxury collections exposed 
  • What HENRY collectors actually want from the insurance purchasing experience, and how embedded insurance delivers it 
  • The evolving role of watches, jewelry, wine, art, and sports memorabilia as wealth-building assets 

Ready to partner?

If you’re ready to grow your business with embedded insurance, the next steps are easy. Get in touch with us and we’ll show you a demo of how we can enhance your business. We’ll work together to find the best solutions for you and your customers, then have you up and running quickly.