You got 2 WW1 original 1907 bayonets, a Sanderson and a Wilkinson, which are 2 of the more common manufacturers. They are not in pristine condition but they are over 100 years old and have probably seen service in more than 2 wars, been used for training, followed by an extended period of storage, before eventually making it onto the collector's market.

The red paint is possibly someone's misinformed/abortive attempt at "restoration", "stick a bit of red-lead on it to stop it rusting".

You could clean the red off but I wouldn't bother, personally.