Artists often emphasize the importance of risk to their work. But this raises a puzzle, as on a standard probabilistic account of risk we are obliged to treat some of these cases as not involving genuine risk at all. It is argued that the way to resolve this puzzle is to recognize a crucial shortcoming in the probabilistic account of risk. With this shortcoming rectified, and hence with a revised modal account of risk in place, we are able to treat the relevant cases of putative aesthetic risk as entirely genuine.