Red Wine Steak Butter Sauce

Why I Love This Recipe
This recipe is found in the new Amy Sedaris book, "I Like You: Hospitality Under the Influence" and was originally discovered by her mother (in an old issue of Playboy magazine). It is GREAT over steak!
Ingredients You'll Need
3 shallots, skin removed, finely chopped
1 stick + 2 tablespoons butter, softened
1/2 cup dry red wine
Directions
Toss shallots in a small saucepan with 2 tablespoons of butter, simmer until tanned. Add 1/2 cup dry red wine. Continue cooking until the wine is reduced to 1/4 cup. Place saucepan in the refrigerator to cool off (or the freezer, if you're in a hurry!). Mix one stick of soft butter into the mixture and blend well. Spoon over roast beef or steaks.