With all products there are diminishing returns and there are connoisseurs who thrive on pushing past those and straight into veblen land.
Wine is similar. Most can tell a $5 bottle from a $20 bottle but $100 or $1000 is unlikely to be as discernible. Even the alleged experts fail blind tests. Some can even confuse some reds & whites in true blind tests.
Wine is similar. Most can tell a $5 bottle from a $20 bottle but $100 or $1000 is unlikely to be as discernible. Even the alleged experts fail blind tests. Some can even confuse some reds & whites in true blind tests.