The narrator, who is obviously badly wounded, even perhaps dying, has come to a chateau, where he has a chance to reflect on things while he is recuperating. The two characters at the beginning of the story, Mrs Radcliffe, and a valet named Pedro, are a mother and father type caring figure respectively. Poe himself never really had parents, and so this is his way of living out his dreams.
The candelabra, which the narrator uses to firstly read about the paintings on the wall, is the object which sheds true light on the portrait. This is like a reflection where he realizes what is going on in his life. He sees in the young woman in the portrait everything he is lacking in his life, beauty, love, freedom in life. He likens himself to the painter, who though he honours and displays the beauty in his paintings, he is unable to feel, and touch and experience the fullness of life.
Poe is trying to say that it is only when we reach the end of our lives that we can truly sit back and appreciate the beauty in life. Often times it can take a new light to see the truth lurking in the shadows, perhaps in denial by ourself. Poe regrets not taking the time to experience the fullness of life, either getting caught up in trying to live out his life, that he forgets to stop and smell the roses.
The Masque of the Red Death is a comment on the inevitability of death, and the progression of life. In a time where death is everywhere in the world, Prince Prospero believes that he is above and beyond death, that in locking himself away in a castle, he can escape it. The party-goers in the story likewise try to shun death by revelling in life, and trying to ignore the