Loudo Schwarm is an aspiring visual artist. His manager wants to sell one of his pictures lucratively. At the same time, Loudo's patron Marie-Elisabeth tries to house the same work at a Biennale. When Kleist realizes this, a violent argument ensues between the two of them. Marie-Elisabeth, however, finally enforces her will to exhibit at the Biennale. It is agreed that the picture will be sold afterwards. As his muse, it was she who gave Loudo the decisive impulse to realize this work. Loudo believes that he can trust her blind. However, when the curator of the Biennale arrives at the studio to inspect the work, Loudo experiences the gruesome truth.