Preheat the oven to 375°
Wash the peaches and cut a circle around the peach stone with a sharp knife. Twist each half of the peach in opposite directions to separate. Carefully remove the pit, which will remain in one half of each peach, with the point of a knife or – if the peach is ripe enough - scoop it out with a spoon.
Grease the base of an oven dish with butter.
Sprinkle the sugar over the butter and lay the sprigs of thyme on top of the sugar.
Put each peach half, cut side down, on the thyme, and drizzle with the red wine over the peaches.
Place the dish in the oven and cook the peaches for 10-15 minutes. They are ready when the fruit is soft, and the skin starts to wrinkle. It may take longer if your peaches aren't quite ripe yet.
Remove from the oven and discard the thyme.
Leave the peaches to cool for a few minutes. You can peel off the skin if desired, I did not. I love peach skin! If you would like to peel it off, you should be able to do this easily with your fingers. Cut the peaches in half or quarters if desired.
Prepare four bowls with vanilla ice cream, top with peaches, spoon over the wine sauce. *Ice cream is not required! These peaches are amazing all on their own! But, who doesn't love a little ice cream?!
Enjoy!