Wine prices can sometimes be baffling. You can never be quite sure where you stand. I write this having just read a piece on 2019 Bordeaux that deems some bottles priced between £40 and £50 to be “bargains”, another that trumpets the “cheapest price on the market” for a £173.50 bottle of Dom Pérignon, and another that says I need never pay more than £20 for the best quality wine around. They can’t all be right, can they?
Finding value in wine is perhaps more complicated than in other areas of food and drink. There isn’t a nice, clear formula that will give you X more quality for Y more money spent. The correlation between price and production costs is often about as clear as the funkiest unfiltered natural wines.