What does the cryptic crossword clue "Sovereign's appreciation of humorist (4)" mean?

The definition is "humorist". The wordplay uses a charade (building blocks). L (synonym="=pound = sovereign") + EAR (synonym="appreciation") = LEAR The answer is LEAR.

Sovereign's appreciation of humorist (4)

Guardian Cryptic #25225 | 24 Down | 2011-01-21 flower

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