A CHEAP bottle of red wine has been voted the best in the world by experts - and you can buy it for just £4.37.

Asda's La Moneda Reserva Malbec from Chile has won the best in show award at the Decanter World Wine Awards.

The budget wine was called an "absolute crowd pleaser" by a panel of 240 wine experts judging the under £15 red wine category.

Experts, who have been testing 16,000 wines from across the world, described the Asda Malbec as tasting of “freshly crushed black fruit, creamy vanilla yoghurt and pepper spice”.

Judges praised the wine for its “succulent juicy berries on the palate”.

You can buy the award-winning bottle from Asda's website and in store.

Colchester Asda Colchester, Turner Rise

Tiptree Church Road, Tiptree

Witham Highfields Road, Witham

Harwich Main Road, Harwich

Heybridge Colchester Road, Heybridge