Finding inexpensive wines is real work. If someone were paying me to write (please send all job offers to the email address below, bottom right, right below my profile) I might go blow a hundred bucks in the $10 aisle to find something I like, but this is a self-financed hobby and I HATE opening a bad bottle of wine, no matter how inexpensive.
Unfortunately, it's Wednesday and I will go bankrupt if I make ever day an OTBN night, so cheaper is better. One can obviously find those rare under $20 gems (see Debs for one example) by surfing the web, reading the journals or asking the shopkeep, but I have one strategy that seems to work reasonably well - when you find a wine you like, figure out if they have a lower-end 'entry-level' wine. And that is how I ended up with tonight's wine.
The 2003 Moulin Lagrezette is the entry level wine (or so it would appear, as they offer a wide range of wines) of this Chateau, and I bought it because I love the Chateau Lagrezette. Dark fruit, leather, cloves, and vanilla on the nose - attractive. More new world than old world, it had good balance, nice fruit and was very quaffable, but only mildly interesting. Probably a good party wine, and reasonably priced. Drink now.
Malbec, with some Merlot
PS - a blind tasting vs. the Grand Vin is in the works