Crossword Genius

Trophy from a ceramics moulding held aloft (8,3)

Ross

I believe the answer is:

americas cup

I'm a little stuck... Click here to teach me more about this clue!

'trophy' is the definition.
(I've seen this before)

'a ceramics moulding held aloft' is the wordplay.
'moulding' indicates an anagram.
'held aloft' becomes 'up' (I can't justify this - if you can you should believe this answer much more).
'ceramics' with letters rearranged gives 'mericasc'.
'a'+'mericasc'+'up'='AMERICAS CUP'

'from' acts as a link.

Can you help me to learn more?

(Other definitions for americas cup that I've seen before include "Yacht-racing trophy" , "main competition" , "sailors want to win it" , "Competition for boats" , "International match between two sailing yachts, first held in 1851" .)

I've seen this clue in The Everyman puzzle in The Observer.
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