I realize the price of beef just keeps climbing but the last several years this is what I have made. It is delicious! This recipe was shared by a poster here named IamMrsG back in 2013. I follow the directions except I usually don't use quite as many shallots as a couple times they've been hard to find in my little world. And if I recall correctly, in my oven it takes a little longer for the shallots to cook. And I think I put less of the bacon in the sauce and have never garnished with watercress. Of course, adjust the recipe to your liking. The following is IamMrsG's post:
This is what we had for Christmas dinner last year, and no kidding, I've thought about this meal several times throughout 2013. It is that kind of delicious.
Beef Tenderloin with Roasted Shallots, Bacon and Port
Yield: Serves 12
1 ½ pounds large shallots (about 24), halved lengthwise, peeled
3 tablespoons olive oil
6 cups canned beef broth
1 ½ cups tawny Port
1 tablespoon tomato paste
2 3- to 3 1/4-pound beef tenderloins (large ends), trimmed
2 teaspoons dried thyme
7 bacon slices, chopped
6 tablespoons (3/4 stick) butter
1 ½ tablespoons all purpose flour
1 large bunch watercress
Position rack in center of oven and preheat to 375ºF. In 9-inch-diameter pie pan, toss shallots with oil to coat. Season with salt and pepper. Roast until shallots are deep brown and very tender, stirring occasionally, about 30 minutes.
Boil broth and Port in large saucepan until reduced to 3 3/4 cups, about 30 minutes. Whisk in tomato paste. (Shallots and broth mixture can be made 1 day ahead. Cover separately; chill.)
Pat beef dry; sprinkle with thyme, salt and pepper. In large roasting pan set over medium heat, sauté bacon until golden, about 4 minutes. Using slotted spoon, transfer bacon to paper towels. Add beef to pan; brown on all sides over medium-high heat, about 7 minutes. Transfer pan to oven; roast beef until meat thermometer inserted into center registers 125ºF for medium-rare, about 45 minutes. Transfer beef to platter. Tent loosely with foil.
Spoon fat off top of pan drippings in roasting pan. Place roasting pan over high heat. Add broth mixture and bring to boil, scraping up any browned bits. Transfer to medium saucepan; bring to simmer. Mix 3 tablespoons butter and flour in small bowl to form smooth paste; whisk into broth mixture and simmer until sauce thickens, about 2 minutes. Whisk in 3 tablespoons butter. Stir in roasted shallots and reserved bacon. Season sauce with salt and pepper. Cut beef into 1/2-inch-thick slices. Spoon some sauce over. Garnish with watercress. Pass remaining sauce.
My notes from my 2012 file: This calls for a full-bodied red wine such as a Bordeaux or Cabernet Sauvignon.
The meat was delicious, tender and moist, but the roasted shallots and port sauce were even better. I loved it, and, even after using for leftovers two days later, had a full pint to freeze. Will add to a pot of French Onion Soup after the first of the New Year. The only suggestion I could make is to not hold back on the shallots. They are truly delicious.
As a side to this dish, we had Potato Gratin With Mushrooms And Gruyère.
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