You're by no means alone in this search, Sam.
And I'll go you one further: I have had great wine in the $5.00 range!
True, some of that wine came to my notice when I was a buyer for a big chain, and was constantly being offered special deals from people desperate to get rid of things they otherwise couldn't sell, or on the big players trying to finish out a vintage so they could bring another one in.
Both my close out bins and my customers were at times delighted too.
I recall one whole container I bought in distress---wine already here in the US, customer reneging on the buy, importer desperate to get rid of it, even at a loss---of rose' that provided immensely good pleasure at a whopping $1.99 a bottle. Glug glug glug all summer. Now, I'm fully aware that there a denizens on this board, and most certainly other boards, who would frown mightily at such a cheap wine being called 'great'---and to them I say "PHBHBHITIT!!!!" in a loud an vulgar manner. This stuff was great drinking!
But even afterwards, say in the aftermath of some of the early dot-com wine ventures, I snapped up a ton of uncommonly good bargains. (And I recall Mike Filigenzi and some others haunting the aisles of Grocery Outlets during that time too.)
Oh, and there was that bottle of Chateau Margaux for $4.99 in a close out bin in a tiny little mom 'n' pop store in Louisiana that will forever be a cherished memory.

And countless Germans with indecipherable names (heh heh heh) that owners were just throwing away to be rid of them.
