https://bugs.documentfoundation.org/show_bug.cgi?id=115490

            Bug ID: 115490
           Summary: VLOOKUP unsorted is too slow in larger row sets
           Product: LibreOffice
           Version: unspecified
          Hardware: All
                OS: All
            Status: UNCONFIRMED
          Severity: normal
          Priority: medium
         Component: Calc
          Assignee: [email protected]
          Reporter: [email protected]

I'll attach a test file.

Take a lookup in 10.000 columns
Unsorted takes ~40 secs on my laptop. Sorted is done in < 1 sec.
(for reference, in 4.0.6.2, unsorted takes more then 4 minutes.)
One might decide that it is good to sort the lookup range.
Indeed.
However… if a value that is seached for, is not available, then there will
still be a result returned (see Help on VLOOKUP, 4th argument, (un)sorted)
To prevent this, one could first check if a matching value is available, by use
of VLOOKP unsorted  ..
So no joy in that approach.

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