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
She has been an integral part of the show for four decades now and has earned love and respect.
10 hours ago
Marvel is known worldwide today thanks to its movies, and the comics could be worth a fortune.
11 hours ago
Things got a little heated when Lori Greiner and Kevin O'Leary fought for a deal with Kitty Casas.
12 hours ago
The dress clips had an incredible story of friendship involving the guest's father and a jeweler.
13 hours ago
The woman eventually ended up walking away empty handed from the game show.
15 hours ago
She even claimed that the meat was produced in a lab and wasn't from wild salmon.
1 day ago
He even wanted to spend the rest of the money on his daughters and only wanted a new guitar.
1 day ago
Some contestants are just lucky enough to pick the letters that open up the puzzle.
1 day ago
Her excitement knew no bounds when she learned that she had won a brand-new car.
1 day ago
The firm went on to do really well and delivered on the promises that the founders made on the show.
1 day ago
Sometimes, items that may look simple and common at first glance can shock their owners.
2 days ago
The amount of dust and lint coming out every time a paper was torn was simply unbelievable.
2 days ago
Rick Harrison wanted to be fair to the guest and so he called in the expert to get a better idea.
2 days ago
The player started off well but was left confused just when he had to focus most.
2 days ago
The guest was a part of a band that was inducted into the Michigan Rock n' Roll Hall of Fame.
3 days ago
Harrison called in an expert who was also fascinated by the cars, especially the toy Batmobile.
3 days ago
The contestants could not believe that something so rare had worked for him.
3 days ago
The entrepreneur did deliver on her promise, and the firm surpassed $35 million in revenue in three years.
3 days ago
While Rick Harrison tried his best to get the most valuable coin in the world, he fell short.
3 days ago
The painter who made the brilliant work of art came to the United States and fell in love with Alaska.
3 days ago