LISBON Lion Willie Wallace is selling his collection of football medals, including the coveted European Cup winner's medal he won with Celtic.

The 18 carat gold medal - which Wallace was awarded after Celtic won the European Cup in Lisbon in 1967 - is expected to fetch between #10,000 and #12,000 at Christie's later this month.

Wallace, now 59, has given no reason for the sale of his prized awards, which also include the Scottish cap he won against England in the 1966-67 season, which is expected to realise up to #1000.

He is the third Lisbon Lion known to have sold all or some of their medals and international caps in recent years.

A collection of medals and caps owned by Tommy Gemmell, including his European Cup winners' medal, was auctioned for more than #32,000 in Glasgow in October, 1994.

Former teammate Jimmy Johnstone sold three medals, including a Scottish Cup winner's medal, which fetched almost #2000 in November, 1995.

At this month's auction, Wallace's Scottish Cup winner's medal from 1966-67 is also expected to make up to #1000, while his winning medal from the same competition in 1970-71 may go for up to #900.

An inscribed gold and enamel Celtic Football Club lapel badge, dated 1967, is given an estimate of #500-#700 and a silver-gilt Scottish Football League Division One Championship runners-up medal from 1964-65, which he won with Hearts, should go for #350-#550.

Born in Kirkintilloch on June 23, 1940, William Semple Brown Wallace played for Kilsyth Rangers, Stenhousemuir and Raith Rovers before joining Hearts in April, 1961.

While he was with the Edinburgh side, they won the Scottish League Cup in 1963. Wallace was transferred to Celtic in December, 1966, for #30,000 and was believed at the time to have been earmarked as a replacement for Steve Chalmers.

However, both played together and were a formidable partnership. On May 25, 1967, he helped Celtic become the first British team to win the European Cup when they defeated Inter Milan

2-1, although perhaps his most famous game was the semi-final home match against Dukla Prague when he scored two goals in a 3-1 win.

When Mr Gemmell and Mr Johnstone sold their medals the collections were not lost to Celtic supporters as most of them were bought by Celtic director Willie Haughey for display at Celtic Park.

Mr Wallace's medals will be on view at Christie's in Bath Street, Glasgow, today and will go under the hammer in London on September 24.

Mr Wallace, who lives in Australia, is believed to be visiting relatives in the Kirkintilloch area but could not be contacted yesterday.

Another Lisbon Lion, Billy McNeill, said yesterday: ''I don't know why Willie's selling his medals. It's a personal thing and I know he wouldn't be doing this without a lot of consideration.''

q Sir Alf Ramsey, who led England to World Cup glory in 1966, left #200,000 gross (#200,000 net), it emerged yesterday.

The former manager, who died in April aged 79, left his estate mostly to relatives. Probate was granted to his wife, Lady Victoria Ramsey.