Smoked Prime Rib with Red Wine Steak Sauce

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Prime Rib:

One 4-rib prime rib roast (6 to 8 pounds), untrimmed

1 cup Bobby Flay's Spice Rub for Pork and Beef, recipe follows

Kosher salt

Red Wine Steak Sauce:

2 tablespoons canola oil

8 cloves garlic, chopped

2 shallots, chopped

2 plum tomatoes, chopped

1 cup plus 2 tablespoons dry red wine

1 cup ketchup

1/4 cup golden raisins

2 tablespoons molasses

2 tablespoons brown sugar

1 heaping tablespoon horseradish

1 heaping tablespoon Dijon mustard

1 tablespoon Worcestershire sauce

1 teaspoon cayenne powder

1/2 teaspoon ground allspice

Kosher salt and freshly ground black pepper 

Kosher salt and freshly ground black pepper

Splash red wine vinegar 

Bobby Flay's Spice Rub for Pork and Beef:

4 tablespoons ancho chile powder

2 tablespoons ground coriander

2 tablespoons dry mustard

2 tablespoons Spanish paprika

2 tablespoons freshly ground black pepper

2 tablespoons kosher salt

1 tablespoon chile de arbol powder

1 tablespoon ground cumin

1 tablespoon dried oregano