I love doing blind wine tasting, and I do it every time I can get enough people together who are down for it. That said, I think it's easy to draw a hasty conclusion from a very small sample of wines.
The thing with wine is that, regardless of price, there is a huge variation between wines at any price point, and a huge variation between individuals' palates. Until you know what you like, then you should expect that, with a set of randomly chosen wines, there will only be a mild correlation between price and enjoyment.
On the other hand, once you know that, for example, you like aged traditional Barolos and don't care much for Napa cabs, then it won't surprise you if you like the $40 Barolo more than the $150 cab.
The thing with wine is that, regardless of price, there is a huge variation between wines at any price point, and a huge variation between individuals' palates. Until you know what you like, then you should expect that, with a set of randomly chosen wines, there will only be a mild correlation between price and enjoyment.
On the other hand, once you know that, for example, you like aged traditional Barolos and don't care much for Napa cabs, then it won't surprise you if you like the $40 Barolo more than the $150 cab.