There are only two plausible views about where the aesthetic value of a painting lies: either in its purely formal qualities or in what the painting means.
Evidence
There are only two plausible views about where the aesthetic value of a painting lies:
1. in its purely formal qualities, 2. in what the painting means.
There exists no compelling general account of how a painting could derive its value from its purely formal characteristics.
Conclusion
The aesthetic value of a painting lies in what it means.
Evaluate
The basic form of the argument might look valid at first glance:
Evidence: Either A or B Not A
Conclusion: B
For the argument to actually follow this pattern, the final premise would need to state that a painting does not derive its value from its purely formal characteristics. The actual premise only states that there is no "compelling general account" of how this could be. This basically means there's no good explanation for it.
This is very similar to an "Unproven vs. Proven False" flaw. Saying is completely different from saying "X is not true." Fun fact: for a very long time, scientists could not explain exactly how anesthesia works. It still worked, and doctors still used it all the time.
Goal
Look for an answer choice containing an argument that makes this same invalid shift from stating to assuming "X is not true."