There are not two but three cases for the red logo: 1. You have no color management: you see the logo, but it is desaturated 2. You have a working CMS and sta

There are not two but three cases for the red logo: 1. You have no color management: you see the logo, but it is desaturated 2. You have a working CMS and standard gamut: no logo 3. You have a working CMS and wide gamut: logo is correct #1 is true because the image has different values. #2 maps all the colors to the monitor's gamut and so you can't see anything on a standard display.