Andre said:The biggest jump in wine quality is between the bad cheap wines and the good cheap wines. Once you get away from the $4 swill, pay a few $$$ more and find the RIGHT $10 wine, you aren't that far away from wine greatness. And if you are willing to pay $15-20, you can find plenty of world class wines. For $40, you can drink some of the best wine the world has ever seen.
What the $100-$500-$? wines have going for them is usually a combination of Brand name, rarety, and demand. From a purely quality point of view, you are unlikely to get a wine for $100 that is much, if any, better than a top quality bottle for somewhere in the $20-$50 range. Good wine is good wine. It's the MAKING that makes it so, not the name or the price. Wealth can help a lot, but it's not the end-all.
If you drank nothing costing more than $30, but chose them well, you'd drink better than most people who depended on pricepoint.
Andre
With the sole exception that it is still possible to get a world class wine for four dollars, the above is some of the best advice you'll ever read anywhere.
There are far too many connie-sewers who are nothing more than name droppers. It's easy to walk into a wine shop with a fat wallet and buy legendary first growths or popular new boutique wines. I wonder how many of those folks have ever tried:
Domaine de Trevaillon, Les Baux, Coteaux d Aix en Provance
Nicolas Joly’s lovely Savennières, Clos de la Coulée de Serrant, a wonderful chenin blanc
Muller-Catoir Haardter Mandelring Scheurebe Spatlese, a mind blowing effort from a virtually unknown grape
Domaine Peyre Rose, Coteaux du Languedoc, Clos des Cistes
The above are but two reds and two whites that are as fine as anything ever produced. No merlot. No chardonnay. No enormous pricetags. Just wonderful expressions of the vigneron's art.
If one had to spend a fortune to enjoy wine, I would recommend finding another hobby. Fortunately, it's not at all necessary.