This research examines the procedural and substantive legitimacy of the Australian capital city wine show system as a cultural consecration project. The analysis is based on the ratings of 5654 wines by judges at four capital city wine shows in 2007. Large wineries are more likely to enter wines into these competitions than small wineries. In general, there is a moderate degree of agreement between judges in terms of the medals awarded to wines entered into multiple competitions. Disagreement among the judges was most pronounced in the distinctions between different medal classes and much less pronounced between wines that received medals and those that did not. The analysis confirms that wines that won medals, especially gold and silver, commanded higher release prices than other wines. The results generally confirm the legitimacy of the capital city wine show system as a means of assigning symbolic as well as economic value to premium wines.