Preheat oven to 400 degrees F. Line a baking sheet with foil and place a cooling rack on top.
Place wings in a large bowl and toss with olive oil, salt and pepper. Arrange on a baking sheet so they have plenty of space between each. (This will ensure crispy wings) Bake for 45 minutes. I also like to broil mine for a few minutes to lightly brown the skin.
While the wings are cooking combine all the ingredients for the sauce in a small saucepan and bring to a boil. Reduce heat to a simmer and reduce the mixture by half. Let cool until ready to use.
When the wings are done cooking place in a bowl and gently toss with the sauce.