Disjunctivism has triggered an intense discussion about the nature of perceptual experience. A question in its own right concerns possible historical antecedents of the position. So far, Frege and Husserl are the most prominent names that have been mentioned in this regard. In my paper I shall argue that Max Scheler deserves a particularly relevant place in the genealogy of disjunctivism for three main reasons. First, Scheler’s view of perceptual experience is distinctively disjunctivist, as he explicitly argues that perceptions and hallucinations differ in nature. Second, his version of the position is philosophically interesting in its own right. This is so primarily, though not exclusively, in virtue of the positive story he tells us about perceptual content. Third, Scheler’s case proves particularly instructive to the question of whether intentionalism and disjunctivism constitute a fundamental, unbridgeable divide.