I've always been interested in the studies that show in a blind tests people can't always tell a red from a white, let alone an expensive wine from a cheap one.
Now, I know some wines are just awful but I've found the difference in value is not a flat curve. Like, a $15 wine probably is twice as good as a $7 one(on average) but a $30 wine is maybe only 25% better than the $15 one. And a $100 wine is maybe 10% better than that. I've only had a $250 wine once and I wouldn't say it was much better than the $100 ones. I probably couldn't assign a value properly given a bunch of wines between $50 and $500. I'd take 4 $50 bottles over 1 $200 one any day.
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