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
In its analysis, Gartner, Inc found that 25% of IT jobs will be done by AI by 2030.
10 hours ago
A recent analysis by UBS suggests the tariffs are holding inflation steady and troubling Americans.
10 hours ago
Some fans only want the host to give the clues to the contestants instead of an outsider.
14 hours ago
The current price of the item is $16.99, which is several times higher than the $9.99 it used to be.
16 hours ago
Fans were clearly not happy after two straight losses in the Bonus Round.
1 day ago
Costco one is sold for a premium price, making it a lot less affordable than the Walmart one.
1 day ago
The retail giant would not want one of its best seasonal products to remain unsold.
1 day ago
This move would severely hurt businesses and consumers will have to pay a lot more.
1 day ago
The contestant was momentarily disappointed, but she was happy to have won more than $17,000.
2 days ago
Those interested can avail the Walmart Plus membership for $49 instead of the usual $98 for a year.
2 days ago
No one saw this coming, but it doesn't mean the product won't return to the shelves again.
2 days ago
Several businesses are offering free meals to current and former military personnel on November 11.
2 days ago
Emmer believed that the President had inherited a broken economy from the previous administration.
3 days ago
With the holiday season right around the corner, the company wants to bring in big revenue.
3 days ago
The retailer has some great discounts in store for the holiday season this year.
3 days ago
It's not the best look for ByHeart, the company producing and selling the baby formula.
3 days ago
She had won more than $30,000 leading up to the Bonus Round, which was a great feat.
6 days ago
The bird's stock in the US is the lowest of the last 40 years thanks to a deadly avian flu.
6 days ago
The company claimed that there were concerns about physical safety with the bottles.
6 days ago