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Silverstone Auctions has released its list of cars tipped to do well in the classic car market in 2023.

Among the cars selected by the auction firm are hot hatches such as the Ford Fiesta XR2 and Citroen Saxo VTS. Cars of a similar age also chosen by the company include the Mercedes 190E Cosworth and BMW M3.

Other cars singled out by Silverstone Auctions are the Porsche 964 Turbo and the GT3 RS. Japanese classics are also predicted to see rises in 2023.

Pre-war cars are also being tipped and Rob Hubbard, Sales Director at Silverstone Auctions, said: ’We may also see a resurgence of interest in the pre-war market, as collectors can see the amazing early engineering and have access to many events to enjoy.’

The firm’s Lionel Abbott added: ‘the old rule still applies – best of breed cars made in limited numbers, in high quality condition and with genuine provenance will always achieve great results. There is still a robust demand for the right cars and the Princes Diana Escort, that Silverstone Auctions sold at the Silverstone Classic Sale back in the summer is the perfect example of the power and value that a specialist auction house can add to a sale.

‘It was a one of one car with special provenance, marketed globally, presented to view at a well-attended and high-profile event which helped create the special atmosphere in the room and the result of all this was a price achieved that will go down in the record books.’