I would say they are. That's about what I paid when I got them in 2013, though the price has gone down quite a bit on Amazon, at least in the US. They sound far better than any other headphones I've used. Reviewers on Amazon mention that they're not bass-heavy, and I suppose that's true, but I always use a headphone amp (the Fiio E17) and turn up the bass, so it works out alright for me.