Spending more than $8 on a bottle of wine is a waste of time, researchers say. According to a study, most people cannot tell the difference between the cheapest supermarket variety and quality wines that cost up to $50. In a series of blind tests, members of the public correctly identified whether they were drinking a cheap or expensive wine half the time -- a success rate that is no better than chance. They were most accurate when testing pinot grigio, with 59 percent able to recognize either a $7 or $15 bottle. (Daily Mail)

I spend anywhere from $8 to $15 for a bottle of wine.  I used to spend more for special occasion wine, but no more!