As of about a month ago, my iksar shaman and shadowknight were both able to buy red wine and hand it in to the guy in the library without any shenanigans besides invising past the guards.
Doing the red wine faction work may not improve your relations with the necromancers, but it will give you a good, convenient place to bank and vendor.
http://wiki.project1999.org/index.ph...le_of_Red_Wine