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£25 - but you can threaten to sue first based on their negligence - ask for exempliary damages. https://www.gov.uk/make-court-claim-for-money/overview

I wouldn't have thought £80 was not that expensive for a reasonable watch these days, so I think the head-teacher's comment is irrelevant. Even the cheap swatches are more than £25 http://shop.swatch.com/GB/EN/Watches/Originals/collection_Gent-S11.aspx

Sue them