ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

There's a grocery store for the rich where ice cubes sell for $32. Yes, the product really exists

"I really like how it looks, and apparently when it gets wet, it's going to be crystal clear... It tastes just like water."
PUBLISHED AUG 25, 2024
Supermodel Gisele Bundchen seen at Erewhon market | Getty Images | Photo by Rachpoot
Supermodel Gisele Bundchen seen at Erewhon market | Getty Images | Photo by Rachpoot

Skyrocketing prices are hitting every corner of the country, leading shoppers to expect higher price tags on groceries. However, the shocker this time is a bag of ice from Penny Pound Ice, branded as "ballz," which is turning heads with its steep price. It is being sold at Erewhon, the supermarket known for its steep prices and celebrity customers. The luxury grocery store had been the subject of ridicule for charging exorbitantly for the most basic and everyday items. Products on its shelves include $20 raw milk, a $26 bottle of 'oxygenated' water, and hot sauce starting as much as $40.

A bag of eight large frozen spheres is priced at a jaw-dropping $32. "That’s been the biggest hurdle: trying to explain and I guess, in a way, to justify the difference in product and the difference in price as well," Gordon Bellaver, a partner at Penny Pound, told Eater. 

Image Source: TikTok | @lizziedushaj
Image Source: TikTok | @lizziedushaj

He defended the product saying that people should be looking at the product just as they see luxury items. "If you’re spending $50, $60, $100 on a bottle of whiskey, or mezcal, or rum, but you’re putting in basic generic ice, it would be the equivalent, in my mind, of getting a Lamborghini and putting regular unleaded in it — it’s not doing service to the product that you’ve spent so much money on," he added.

The viral "ballz" is directly sold by Penny Pound for $28, which is less than what it costs at Erewhon. Bellaver claimed that it's not the same ice that you can get by freezing water at home. This is mainly because the water in our homes tends to have minerals like calcium and magnesium which make the ice foggy. 

Penny Pound Ice, however, uses water that doesn't allow impurities to settle, and instead, they rise to the top and are later removed, which leaves behind a "300-pound block of ice” that is cut into smaller cubes.

Image Source: TikTok | @dermdoctor
Image Source: TikTok | @dermdoctor

After this, these cubes are then sawed into shape, which again requires further steps to be molded into perfect spheres. "To achieve a two-and-a-half-inch perfect sphere, we usually have to start with about a three- or three-and-a-half-inch cube," he explained. "The raw material going into the product is already more than what the cubes are."

However, people on the internet unanimously agreed that the price was just too much for something so basic as ice. In a video posted by @lizziedushaj on TikTok, the creator showed the size of the ice balls and the fact that they looked like crystals when wet. "It's supposed to be made out of really special water," the TikTok creator says in the video. 

Image Source: TikTok | @addy_briseno78
Image Source: TikTok | @addy_briseno78

"I really like how it looks, and apparently when it gets wet, it's going to be crystal clear," she said before licking the ice ball and announcing to her viewers, "It tastes just like water." People in the comment section had a lot to say, "Glad you taste tested before mixing with lower tier water," writes @turtlesanwich, while another comment read, "I’m convinced we’re in black mirror. This is the last straw."


@lizziedushaj im really upset my video giving context to this before this one was taken down #erewhon #pennypoundice ♬ original sound - lizzie dushaj

 

MORE ON MARKET REALIST
Viewers were shocked to see the price difference between now and back then.
2 hours ago
"These companies are desperate to make you blame the employee for the extra cost instead of them accepting a slightly lower profit margin."
1 day ago
"This is one of the best tips I can give as it has always worked for me," she said.
2 days ago
The man accidentally threw away the disk that had the Bitcoin, now worth roughly $482.1 million, in 2013.
2 days ago
You need to look for the series date located on the right of the photograph of George Washington.
2 days ago
The $1.99 necklace turned out to be a piece of art from Aaronel deRoy Gruber.
2 days ago
“It’s bonkers, and trying to prove where we were is quite hard," she said.
4 days ago
Winfrey assures him that it isn't too expensive saying that it costs only about "a hundred something" dollars.
4 days ago
While the creator shared anecdotes from her life, research also supports her claim.
4 days ago
Chris Robarge went viral for sharing a heartwarming story of his anonymous landlord.
4 days ago
Navinder Singh Sarao, who was nicknamed the 'Hound of Hounslow', was accused of 'spoofing' the market.
5 days ago
The traveller took to X to share the screenshots of the apps showing the price difference.
5 days ago
Many took to the comment section and talked about the situation, with some saying that it was no big deal.
5 days ago
"The rest of our budget will be given to Santa to provide presents for children whose parents can’t contribute to the elves."
6 days ago
Many took to the video to share their views, with one user Tommy Drop "If u use self-checkout just make sure u don't steal even by accident, and you're good."
6 days ago
When the bill came, the group of four was shocked and their reactions were captured in a TikTok video which now has over 8.8 million views.
6 days ago
While many in the Middle East are open to tipping, some people simply do not agree with the philosophy of tipping 20% of the bill.
7 days ago
In an emotional video on TikTok, the creator expressed that it is what Christmas is all about.
7 days ago
She further says that the policy is to help people recover from stress and reduce absenteeism.
Sep 5, 2024
The waitress attached a photo of the original cheque and wrote, "Been serving nearly 20 years and by far the best tip I have ever received."
Sep 5, 2024