It's a good sword if you want to solo or have fun around, because it has the highest damage a red mage could ask until level 70, when you can buy rune blade. (without mentioning the enhancing sword, but that is kinda a dream).
Was 60k for a long time on Valefor. I just bought mine today for 35k and sold my Aramis's Rapier. This sword doesn't look as cool, but it does better damage.