Lollapalooza 2012 Souvenir Passes gone within minutes; Early Bird tickets on sale next week

Lollapalooza 2011 (more by Grant MacAllister)

If you blinked, you missed it. Souvenir 3-day passes for Lollapalooza 2012, which takes place in Grant Park from August 3-5, were put on sale around 4PM CST and gone in under 5-minutes.

Early Bird 3-day passes go on sale Tuesday (March 27), exact time TBA. The festival will announce its initial lineup on April 11.

And just like last year, YouTube and Dell will join forces once again to present a complete live stream of the festival via Lollapalooza's account.

Some performance clips and a timelapse from the 2011 festival, below..