Ways artist's lifted up magazine (7)
I believe the answer is:
arsenal
'magazine' is the definition.
(I've seen this before)
'ways artist's lifted up' is the wordplay.
'ways' becomes 'lanes' (lane is a kind of way**).
'artist' becomes 'ra' (Royal Academician, member of Royal Academy of Arts).
'lifted up' is a reversal indicator.
'lanes'+'ra'='lanesra'
'lanesra' reversed gives 'ARSENAL'.
(Other definitions for arsenal that I've seen before include "Supply of weapons" , "2014 and 2015 FA Cup winners" , "A military store of guns and armaments" , "team effort" , "array of weapons" .)