Laureateship n. : State, or office, of a laureate.

Example:
Do you think Ted Hughes deserved the Poet Laureateship?

Taxonomy
Poet Laureate, poet, laureate, poetry, holder, death, poems, free encyclopedia, New Zealand, Wales, royal office, government events, the United Kingdom, honour, Tennyson, Canary wine, the Library of Congress, rhetoric.

Defination from the web:
... In the United Kingdom the term has for centuries been the title of the official poet of the monarch, since the time of Charles II. Poets laureate ...