Good points. This brings us to an almost philosophical question. But first the preface.
I have reported here before that I once won a $75 bottle of Amarone in a "grab bag" kind of deal at a charity event. It was, hands (and feet) down, the best wine I have ever had (which may not be saying that much).
My wife, her girlfriend, and I were all blown away. But, we had somewhat different takes on it. To wit, my wife's friend's opinion was that she would rather have one bottle of this than, say, 5 bottles of $15 wine or 8 bottles of $9 wine. My wife could not justify paying that much for a wine, ever. I am torn -- perhaps I would like to have that experience (and forgo the other 5 or 8 bottles) every other year, or something like that?
Now, I should note that our friend is all talk, of course. She does NOT do what she contended she would do. She does, however, tend to favor higher quality at the expense of quantity or frequency.
Now, some people favor
low price as a principal concern, some make
high quality the principal concern, and many (
most?) make
good value the principal concern. I was raised in a "low-price" household, and have been trying most of my adult life to shift to more of a "good-value" type of consumer.
[As a side note, this experience is what led me to winemaking. My BIL thought I would like it, but what cinched it for me was the realization that (in my words at the time) that I "could make bad Amarone for $5 a bottle."]