Cryptic crossword clue
Even when bad, highly thought of and treated with awe 9

The most common and most likely answer to this crossword clue is the 9 letter word VENERATED

I've seen this crossword clue in Financial Times
V
E
N
E
R
A
T
E
D

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The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does VENERATED mean?

VENERATED verb
  1. To treat with great respect and deference.
  2. To revere or hold in awe.

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