I've used Cinelli Cork Gel tape for a while now - about £15 - i've had the stuff on and off a few times (playing around with different old-school quill stems) and it still looks good after re-wrapping three or more times (only on the left side and you cannot tell the difference between the two sides). I also got it very oily one night when I broke a chain in the dark and it wiped down pretty well with white spirits though not totally pristine.
I've had cotton, plastic, and real cork tape in the past and this stuff offers the most comfortable/durable combo, though I've never tried that big thick foam tube stuff or leather.
FYI I almost never ride on the drops but do wrap it in that way in the Park instructions