When reasoning about a representation (e.g., a toy lion), children often engage in "iconic realism," whereby representations are reported to have properties of their real-life referents. The present studies examined an inverse difficulty that we dub "representational disregard": overlooking (i.e., disregarding) a representation's objective, non-symbolic features. In three experiments (N=302), children (3-6 years) and adults saw a series of representations (pictures and toys) and were tested on how often they endorsed a property that was true of the real-world referent (e.g., reporting that a toy lion is dangerous; iconic realism) or rejected a property that was true of the representation (e.g., denying that a toy elephant can be lifted with one hand; representational disregard). We found that representational disregard and realism were separable tendencies. Children (and to a lesser extent, adults) displayed both, but at different rates for pictures than for toys. We conclude that children's reasoning about representations includes a bias to overlook the features of the representation itself. Further, although pictures and toys are both representations, they provoke ontologically distinct interpretations. We discuss the implications of these results for a variety of important conceptual tasks, including learning to read, draw, or objectively evaluate scientific evidence.