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
Had the contestants not gotten their gamble right, they would have lost everything they'd earned.
14 hours ago
The revelation came thanks to a fan who asked the question during a "Jeopardy!" taping.
15 hours ago
The entrepreneurs' decision came as a big shock to the sharks, and they did not hide it.
16 hours ago
Tina double-guessed her third answer, "Does April have 31 days?" Harvey gave her the stink eye.
18 hours ago
All the theatrics didn't work when sharks started scrutinizing profit margins.
19 hours ago
"Can I stop at any time?" the player nervously inquired. "You can stop any time you want, yes," Carey assured.
20 hours ago
Guests on the show would run with it if they ever got that kind of money on Pawn Stars.
1 day ago
The guest even said to keep the kids in the dark about how valuable these items were.
1 day ago
The company had fantastic sales but a crushing debt with a high interest rate that the sharks hated.
1 day ago
It was only Carey's second season in the show and he could have been part of a massive scandal.
2 days ago
“I won’t say anything, and you know why,” he said, with a gesture to zip his lips.
2 days ago
The ring was rescued by the guest's mother thanks to a stranger early in the morning.
2 days ago
"She blanked out. It happens to the best of us," a fan sympathized with the player.
2 days ago
The instrument originally belonged to the guest's grandfather who suffered a horrific injury.
3 days ago
The contestant's wife seemed embarassed at that point of time, and worried as well.
3 days ago
The co-founders of Dino Don got the shark that they always wanted on board.
3 days ago
One can understand why the measure is in place but the shopper was having none of it.
3 days ago
"My husband and I definitely noticed it! We had to rewind it a few times," a fan reacted.
3 days ago
All of the sharks agreed that she had a great product and the drive to be successful a businesswoman.
4 days ago
It's possible that the dog played a little part in making it easier for them to get a deal.
4 days ago