Wish I could find the article (and please post if you have it), but basically the $2 chuck was presented to a wine reviewer as part of a blind test. He rated it the lowest. The presenter then said to the reviewer, “Does it change your opinion if I tell you that this wine is only $2?” His response: “People actually pay $2 for this stuff?”
You can probably guess I’m not a fan 🙂
To the other recommendations I’d add that for less than $6 you can get a Cameron Hughes Pinot Noir at Costco. Very good.