Bards I think are second only to rangers in the rarest class 50+. I think every raiding guild has bards listed as a high priority on recruiting page. As someone before mentioned, most people use a bard for their mule since selos is really nice when carrying tons of platinum which is likely why you see so many online in the low level ranges.
I suspect people rarely stick it out bards b/c it requires constant pressing of buttons to play one well as others have hinted at in this post. That said they can swarm kite to 50 pretty quick (I think you can find a guide to this on the p99 wiki or somewhere on these forums if you are unfamiliar)
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