Scotch, not so much, it's all bad to me.
Huge difference in shitty scotch and really, really, really good scotch.
I stick to average scotch. Glenlivet, Glenfiddich, Macallan, etc. for budgetary purposes, but if you've ever tasted from a $300 bottle of scotch, you'll notice a difference. It tastes like a BBQ smoker smells and is fantastic.
I can say the same about super nice wine. It's the oak-y taste that is noticeable if it has been aged the right way.
All that being said, it's 90% a mental thing, as that article implies. If you're got a good cheap wine, like a $12 2010 Cupcake Cabernet for example, and told the table that it was $200 bottle, there is no doubt that assholes at that table will comment on its "bouquet" and will rationalize the price. It's a weird psychological thing that we do as humans.