Big reputation? Artist consequently loses head (8)

I believe the answer is:

eminence

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'big reputation?' is the definition.
'eminence' can be an answer for 'reputation?' (thesaurus). I'm not sure about the 'big' bit.

'artist consequently loses head' is the wordplay.
'artist' becomes 'emin' (Tracey Emin).
'consequently' becomes 'hence' (I've seen this in another clue).
'loses head' means to remove the first letter.
'hence' with its initial letter removed is 'ence'.
'emin'+'ence'='EMINENCE'

Can you help me to learn more?

(Other definitions for eminence that I've seen before include "Bank" , "Distinguished person" , "Esteem" , "famous person" , "The height of a prince of the church" .)

I've seen this clue in The Guardian.

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