Over the last year I've been getting more into wine, but not too extensively, only having bought bottles in the range of about $10 - $20 cdn. I've also sampled a good number of wines while dining out.

The thing I'm noticing is that while different wines most certainly have unique characters depending on sweetness, grape, and aging, *the variation in overall quality doesn't seem to be too high.*

As far as I can tell wine, broadly speaking, can be broken down into two categories: good or cheap. A wine is either pleasant, or noticeably low quality, without much room to really go above and beyond.

So if my assumption is correct then 'fine wine' is a bit of a scam, as the diminishing returns price point seems fairly low.

I wonder, though, am I correct in my assumption about wine's diminishing return threshold?