I just want to add that when you are owner of the cursed sword, you have buff that increase your PvP defence by 50% or 90% (don't remember the description). So the damage from the screenshot could be even higher without the sword.
Today I picked up Zariche and got one-shooted. Reward for keeping the sword is 5kkk, but what point of existing the bloody swords in the game? Richest people get more and more adena and poor one lay on the ground without any possibility to compete.