Yes, the price tag is a bit steep, however, this lamp lights up more than 3 lamps used to. So Im saving electricity between the LED and lack of other lights. My favorite part is that there's a remote. Now I can leave the remote on the coffee table, and dim the light when Im watching tv. The touch feature is also nice once you figure out where to touch to make it do different colors and brightness. I have a 15x28 foot living room and this does a great job of illuminating the whole thing. Sure, not everywhere in the room is daylight bright, but its a heck of a lot better than old style lamps.