I have the King's Collection and the Ship Painting that gives powder charges was hung in my house and worked fine, it had 210 powder charges collected in it at that point. I went into the house customization mode and it sent the portrait to my moving crate (auto converted to deed form) deleting all 210 powder charges. It seems that the Ship Painting and similar house add-ons that act as containers should function like the Fountain of Life, which requires you to empty it before you can chop it, and doesn't allow the house customization window to open until this requirement is met.
Some other similar House Add-Ons that come to mind: Vet reward Rugs, Ore Cart, Tree Stump, Sheep Statue, Fire Painting and Barrel Sponge (from King's Collection).
Side Note: Davies Locker when chopped will still contain all stored Tmaps and SOS from my experience.
Some other similar House Add-Ons that come to mind: Vet reward Rugs, Ore Cart, Tree Stump, Sheep Statue, Fire Painting and Barrel Sponge (from King's Collection).
Side Note: Davies Locker when chopped will still contain all stored Tmaps and SOS from my experience.
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