This is particularly the case in Hong Kong where the currency is dollar-linked. Many top wines in the UK are priced in sterling making them cheaper since the currency's fall. Cult Wines, which opened an office in Hong Kong last year to take advantage of increasing Asian demand, has seen record sales from the continent. Since the UK decided to leave the EU in June , the industry benchmark — the Liv-ex Fine Wine index — has gained around 17 per cent and is at its highest level for five years.
Investors in fine wine should still make sure that they invest through a reputable broker though. The asset has attracted fraudsters and con artists in the past. It is fantastic to be recognised and our performance over the last year has helped to cement our position as one of the leaders in the wine investment market.
Our office in Hong Kong has helped the firm to consolidate our services to a growing client base in Asia. Join thought-provoking conversations, follow other Independent readers and see their replies. Want to bookmark your favourite articles and stories to read or reference later? His inquest heard that Robert Baczkiewicz found the body during his morning rounds.
Tom Gearing, centre, was runner up in the show behind eventual winner Ricky Martin, right. Oliver Gearing wrote his first novel which was based on his battle against drugs. Toxicology reports revealed fatal levels of morphine, codeine, indicating the use of street heroin.
Traces of amphetamines, diazepam, mirtazepine, and alcohol were also detected. Mr Gearing launched what would become a lucrative fine wine investment company Cult Wines while living in Moscow. His brother Tom Gearing, who attended the inquest now runs the family wine business, and impressed Alan Sugar as he finished runner up on the Apprentice in He came into contact with hard drugs while working as a nightclub investor, according to an interview he gave in Despite losing out on the investment, Mr Gearing, left, is running a highly profitable wine business.
The firm, Cult Wines, was founded by his elder brother who died of a heroin overdose after his attempts of rehabilitation failed and he relapsed despite attending one of the world's most extreme detox centres.
That year Oliver of Durlston Road, Kingston, published his debut novel, Paranoisia: Beginning at the End, which was inspired by his experiences as an addict. He had planned for it to be the first in a trilogy. The coroner recorded that he a verdict of death by drugs. The former Apprentice star has made a major success of his business, despite the family tragedy. He told the Telegraph : 'There was a massive downturn in demand in China between and because of the crackdown on corruption.
It has the advantage of not necessarily following the general trend of lagging behind the rest of the market during economic expansion because demand is consistently strong. Mr Gearing, at the age of 23, was one of the youngest contestants on the show. Profits at the company, which was founded in , increased by per cent last year. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline.
Argos AO. Privacy Policy Feedback. A tale of two brothers: The Apprentice runner-up with a multimillion-pound wine empire and his sibling who died of a heroin overdose in a public toilet Oliver Gearing took a fatal heroin overdose inside a public toilet in London His brother Tom Gearing was a runner up on the BBC's The Apprentice Mr Gearing wrote a novel based on his addiction and hoped to write more An inquest heard he started taking drugs after investing in a nightclub By Darren Boyle for MailOnline Published: GMT, 14 January Updated: GMT, 15 January e-mail 7 View comments.
Share this article Share. Read more: Eastern promise for Cult Wines as profits double - Telegraph. Share or comment on this article: The Apprentice runner-up Tom Gearing's sibling died of a heroin overdose e-mail. Comments 7 Share what you think. View all. Bing Site Web Enter search term: Search.
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