What does the "Net Return Price" specify in auction contracts?

The "Net Return Price" in auction contracts specifically refers to the amount the seller will receive after deducting any relevant commissions and fees from the sale. This figure is crucial for sellers to understand the actual financial benefit they will realize from the auction proceedings. It accounts for all costs incurred by the auction house, ensuring that sellers have a clear expectation of their earnings post-sale.

While the other options address various aspects of auction pricing, they do not capture the essence of what the Net Return Price signifies. For instance, the total amount after the buyer’s premium is added pertains more to the buyer’s perspective of the final cost rather than the seller's net earnings. Similarly, the final sale price including taxes also shifts focus towards a comprehensive sale price rather than what the seller retains. Lastly, the estimated value of the item prior to sale simply indicates a projected worth and does not consider actual transactions or costs involved.