A painting by Lucas Cranach the Elder fetched 9.3 million pounds ($14.3 million) at Sotheby’s in London, an auction record for the German Renaissance artist.

The sale of the Cranach and other works tallied 39.3 million pounds, toward the lower end of the presale estimate. Wednesday’s result represented a 42 percent drop from an equivalent auction a year ago, when 68.3 million pounds worth of Old Master and British paintings were sold. Of 57 lots offered, 20 failed to find buyers, while auction records were set for five artists.