One values the skilful male version of erotic art (10)

I believe the answer is:

meritocrat

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'one values the skilful' is the definition.
I know nothing about this answer so I cannot judge whether it can be defined by this definition.

'male version of erotic art' is the wordplay.
'male' becomes 'm' (common abbreviation).
'version of' is an anagram indicator (another version of the same letters).
'erotic'+'art'='eroticart'
'eroticart' with letters rearranged gives 'eritocrat'.
'm'+'eritocrat'='MERITOCRAT'

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(Another definition for meritocrat that I've seen is " Ruler chosen for excellence".)

I've seen this clue in The Guardian.

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