Continuity mistake: The number of plastic self-adhesive stickers attached to the left side of the contract change. After the contract is flopped onto the table and just before Crown signs it, the first side view (very quickly) shows 3 stickers attached to the left side of the paper with red on the bottom. Crown pulls the pen from his jacket. No one touches the contract. The second view shows 2 tabs attached at the same place with red on the top. (00:00:08 - 00:07:58)
Continuity mistake: In the glider scene, Thomas Crown's watch switches back and forth between his right and left wrists.
Continuity mistake: When Renee is sipping coffee and watching Thomas Crown far below on the street running to his car, in her first look, the car is parked at a 45° angle headfirst against a rounded curb with two police cars to its left, but in the second snippet, when she looks, his car is parked across a street, as any car would be parked and with a sidewalk to its right. The rounded curb scene and the two cop cars are gone.
Continuity mistake: In the restaurant having dinner Rene's pearl necklace starts untwisted then twists and later untwists. To do this that necklace would have to be unclasped and manually twisted.
Character mistake: Thomas rips off his one glove as he makes his escape but then grips the bottom edge of the security door to slide under it. Smooth metal door would leave perfect finger and palm prints. I doubt detectives would miss prints on a door that was normally recessed away from the public. His prints may not be on file but would be easy to obtain once he was under suspicion. (00:19:20)
Answer: I believe that the Monet that Crown hides in his study is not the one that was stolen, it is a copy that he already had prepared. He can enjoy the copy knowing that the original (with the broken spreader bars) is also in his possession. The stolen original then goes to the forger who repairs the broken spreader bars, and then paints another painting (using water soluble paint) over the Monet, so he can "return" it to the museum 3 days later. It gets more complicated when he discovers that Russo is on to him so he has a second forgery made (even the edges forged to match) over the top of "Dogs Playing Poker." He doesn't know if it will be necessary, but given his research into his new adversary, he concocts this contingency. It is likely that he has many contingencies in place, but the "Monet with a ghost underneath" is the only one we get to see. Of course for my theory to hold water, there must be (or have been) that earlier forgery - unless it has been destroyed.
It's not the forgery that he takes out of the briefcase. Even if it were, he still put the Monet in the briefcase at the museum and would have had to break the frame to close the briefcase, thus also breaking the paint and tearing the canvas. The real answer is that it is just something that couldn't really happen, and the movie people don't want the viewer to notice.