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
It is part of a program running from 2017 which has seen almost $7 billion in payouts.
1 hour ago
"And yes, I can want an autograph, and a new car. First car win in 2026, and it's a Nissan," a fan reacted.
9 hours ago
The President has threatened EU countries with tariffs, which could lead to retaliatory measures.
20 hours ago
She travelled all the way back to 2016 to get some of her guesses spot on.
20 hours ago
The contestant has automatically qualified for the 2027 Tournament of Champions.
21 hours ago
Research from Kiel Institute found foreign trade partners are bearing only 4% of the added costs.
21 hours ago
A large percentage of people admitted to regretting impulse buys made thanks to social media.
1 day ago
The product was reportedly distributed in seven states but no illness has been reported yet.
1 day ago
The absence of state income tax, in contrast to other tax havens, is a major lure for elites who live there for more than 183 days a year.
1 day ago
"Well, a strong player tonight in the main round, but not in the bonus round. Maybe we will have a Winner tomorrow," a fan reacted.
1 day ago
Treasury chief expects judges to avoid blocking Trump’s signature tariff policy
1 day ago
More big names in retail are shutting their doors as they struggle to ensure affordability while making a profit.
2 days ago
A viral receipt revealed a little-known surcharge at some Chick-fil-A locations
2 days ago
Troops from several European nations are currently deployed in Greenland at the moment.
3 days ago
Over half of the American population polled does not believe that Trump is prioritizing the right issues.
3 days ago
Drew Carey had his jaw drop in shock after the heartbreaking loss.
3 days ago
This will come as a relief to many Americans, but it could have consequences post-retirement.
4 days ago
The company did not specify what the water was contaminated with or how many it affected.
4 days ago
SCOTUS announced on its website that it may release decisions in argued cases next Tuesday during a scheduled sitting.
4 days ago
"This week's regular edition BR ended with only one win on Thursday," a fan reacted.
4 days ago