Fritz Schlumpf acquired his first
Bugatti aged 22 as young, successful wool broker in 1928. He regularly participated in motorsport events and had a passion for the technique of automobiles. He became close to the Bugatti brand which was located in nearby
Molsheim. After World War II, Fritz and Hans Schlumpf gathered an enormous collection of classic automobiles, including several hundred Bugattis (many of them in pieces or unrestored, but many were also completed cars). To fund this hobby they encumbered their enterprise to such an extent that by 1977 it became insolvent. Until this time the automobile collection was unknown to the public, but the excesses were revealed in 1977 during a strike by the former Schlumpf textile workers. On February 10, 1977, the
French Justice System issued an arrest warrant against the former industrialists and owners of textile factories in
Malmerspach,
Mulhouse (HKC),
Erstein and
Roubaix. The Schlumpf Collection which was then valued at 100 million
French francs (or 50 million
Swiss francs) was provisionally seized by authorities. At this time, the Schlumpf brothers, already entered
Switzerland on their
Swiss passports, avoiding persecution. On March 23, 1983, both brothers were sentenced to prison terms of two respectively four years due to
fraudulent bankruptcy and
embezzlement. In 1988, the sentence was confirmed by the High Courts of Mulhouse in France. == Personal life ==