Visitors to the Dallas Museum of Art won’t be seeing Leonardo da Vinci’s Salvator Mundi after all. Its owners have rejected the museum’s bid to buy the painting after weeks of negotiations, officials revealed Tuesday.

The painting had been at the DMA during the talks. The DMA’s final offer was not disclosed, though the cost of the artwork had previously been reported as $200 million.

The rejection follows a recent flurry of upbeat news — free admission and free memberships in 2013, and $2.3 million in new grants and gifts.

The DMA announced that it was trying to acquire the Da Vinci during the summer and had launched a fundraising campaign toward the purchase.

“While the museum’s leadership was hopeful that the painting would be acquired for the benefit and enjoyment of the public, they are incredibly inspired by and grateful for the outpouring of community support for the campaign to acquire this work,” according to a statement from the museum. The DMA said it had raised “tens of millions of dollars” in pledges toward the purchase.

Director Maxwell Anderson said in the statement that it “was a privilege to be responsible for the safekeeping of this masterwork as we assembled commitments towards its purchase. The fortunate few who saw it in person will not soon forget its beauty, power and majesty.”