Sure, we’d all like to host the party that serves Château Lafite and 1941 Inglenook cabernet, but for most people entertaining these days is done on a budget.

While holiday parties are stronger than ever, you’re more likely to find value wine being poured there than you were five years ago. But just because the bottle doesn’t command a $100 price tag doesn’t mean it has to be swill.

Read more at CNBC.com