Can this be used safely on red leather?

I would think so. Its not pigmented. Its very mild. Leaves the leather clean and soft, with a coating of lanolin.

Will this restore 80 year old boxing gloves that are literally shedding leather dust

My apologies but I only have experience using it on boots and boot leather and none of the boots were shedding dust. My I suggest you research Obenaufs Heavy Duty Leather Conditioner either the paste or the oil. I have used both on my leather boots and both have worked superbly at restoring leather to like almost new condition that had been seen heavy used and was showing signs of advanced wear and was dried out. Sorry can't be of more help but I only have experience with restoring leather that was less than 20 years old and save for some 170 year old antique family heirlooms made of wood and steel I don't own anything else that is 50 years old let 80. Best of luck.

ASIN	B001CS6HH4
Allergen Information	Gluten Free
Best Sellers Rank	#10,558 in Automotive ( See Top 100 in Automotive ) #94 in Interior Car Leather Care
Brand	Fiebing's
Brand Name	Fiebing's
Contains Liquid Contents?	No
Customer Reviews	4.7 out of 5 stars 17,301 Reviews
Global Trade Identification Number	00025784200118
Included Components	Equine, Horse Supplies, Horse-Hoof-Picks
Item Form	Paste
Item Type Name	Fiebing'S Saddle Soap, 3.5 Oz. - Yellow - Cleans, Softens And Preserves Leather
Item Volume	100 Milliliters
Item Weight	4.8 Ounces
Item form	Paste
Item volume	100 Milliliters
Manufacturer	Fiebing's
Material Features	Non-Toxic
Material Type Free	Aluminum Free
Material features	Non-Toxic
Number of Items	1
Scent	Unscented
Special Features	water-resistant
Specific Uses For Product	Active
Specific uses for product	Active
Surface Recommendation	Leather
UPC	025784200118
Unit Count	3.5 Grams

Fiebing's Saddle Soap

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