Viewed from the center of projection, a perspective picture presents the pictorial depth information of a scene. Knowing the center of projection, one can reconstruct the depicted scene. Assuming another viewpoint is the center of projection will cause one to reconstruct a transformed scene. Despite these transformations, we appreciate pictures from other viewpoints. The compensation hypothesis states that the visible picture surface allows observers to compensate for transformations by locating the center of projection and experiencing pictorial space from there. We show that observers neither completely compensate for nor experience transformations of space as geometry would predict. We propose a modified compensation hypothesis according to which different degrees of visibility of the picture surface invoke different degrees of compensation.