Wow, that sounds very cost effective, I paid over $100 just for my Wusthof 8" chef's knife, which I am definitely going to return.
KG, whether you're talking knives, dishes, or cookware, buying single-items from open stock is always more expensive than buying kits and sets. The downside is that unless you know exactly what you want, and shop around, sets aren't the best way to go for most people.
Greg, apparently, made out fine. But most of the time sets include things that you'll never use, while, at the same time, leaving out pieces that you want. And you're back to open stock anyway.
Something else to keep in mind. In this and related threads we've been using brand names. But every brand has multiple lines, with different price points.
I know that good knives can be exensive. But considering that knives are the single most important kitchen tools; and that good knives will be handed down to your grandchildren, you really shouldn't look at price so much as quality and usability.
Daddy always said, "don't be afraid to buy the best; you'll never be disappointed." That's the way you should feel about your kitchen knives.
And keep them sharp!