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Article: Money: The grapes of wealth Wine is usually best drunk, but Smita Talati finds that a great vintag e can make a great investment
- Article from:
- The Independent (London, England)
- Article date:
- July 18, 1999
- Author:
CopyrightCopyright 1999 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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Wine is big, big business. Off-licence sales of wine in the UK
have overtaken beer for the first time, and a group of entrepreneurs
believing there is more money to be made from the public's passion
for the grape have funded Vinopolis, "the City of Wine", which opens
this week on London's Bankside. An old bonded wine warehouse has
been turned into a pounds 23m tourist attraction and restaurant
complex devoted to the pleasures of wine (see box below).
Many wine lovers also consider investing in a few good cases to
lay down. What starts as a hobby can lead to some serious investment
gains - although this brings the dilemma of whether or not to drink
it.
Jonathan Stephens, director of wine ...