dont get me wrong, i love lucius, but i do think that takinig his wand away would have been his worst thing. without his wand, he is powerless, effectivly. He sets a lot in store by magical ability, the wand is his protector and attacker, without it, he cant do much.
I think he also would have felt very belittled. As Sav!!XD said, he has worked hard to get to voldys inner circle, and taking away his wand would have probably felt the equivilant to him being rejected, demoted all the way back to a new death eater who is only needed for one thing, and then to be thrown away.
ooops ive rambled, ill go now
jenny out