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The value of this property should be of type System.Drawing.Image or type System.Drawing.Icon, depending on the value of the DataGridViewImageCell.ValueIsIcon property.
Whenever a System.Windows.Forms.DataGridView is displayed in which new rows can be added, the last row is an empty new row of cells loaded with default values. Override this property to provide a different default image for these cells or to return null to avoid displaying images.