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Remove colored part or orange and lemon peel with a vegetable peeler, cutting from top to bottom of fruit to get 1/2 x 3-inch strips. Slice lengthwise into julienne. Set lemons aside for another use.
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Trim tops and bases of oranges and cut away any pith.
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Set oranges on serving platter.
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In a saucepan bring water to boil and then add peel and boil for 5 minutes. Drain in a colander and then transfer peels to a 3 quart saucepan.
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Add sugar and 1 cup of wine to the peels.
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Cook over medium low heat until sugar dissolves, swirling pan occasionally.
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Increase heat to high and boil until syrup becomes caramel colored. Remove from heat.
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Stir in liqueur and remaining wine (2 1/2 tablespoons).
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Pour syrup over oranges and mound peels on top of oranges, arranging remaining peels in syrup around fruit.