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1
Return the steak pan to a medium-low heat. Add the finely chopped shallots to the residual fat and sweat, stirring frequently, until completely soft and translucent — they must not take on any colour. The shallots are ready when they offer no resistance and smell sweet rather than sharp.
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2
Pour the red wine into the pan and raise the heat to a vigorous boil. Reduce by three-quarters in a wide pan, allowing rapid evaporation. This is where the dish lives or dies: under-reduction leaves raw tannin and alcoholic sharpness in the finished sauce; the reduction is complete only when the wine has condensed to a syrupy, deeply coloured glaze and its sharp, alcoholic edge has entirely cooked away.
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3
Add the demi-glace — equal in volume to the reduced wine — and bring to a gentle simmer. Hold at a light simmer for 5 minutes to marry the flavours. The sauce is ready when it coats the back of a spoon in a deep, even garnet layer.
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4
Remove the pan from direct heat. Add the cold butter cubes one at a time, swirling the pan continuously to emulsify each piece before adding the next. Finish with a small squeeze of lemon juice and the finely chopped flat-leaf parsley. The sauce is ready when it is glossy, cohesive, and coats a spoon without breaking.
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5
Taste and adjust seasoning. If residual tannin persists, add a half-teaspoon of redcurrant jelly and stir to dissolve. For a smooth result, pass through a chinois; for the traditional rustic version, serve with the melted shallot retained. The sauce is correctly seasoned when wine, fat, and fond are indistinguishable from one another.