According to a common opinion, human olfactory experiences are significantly different from human visual experiences. For instance, olfaction seems to have only rudimentary abilities to represent space; it is not clear whether olfactory experiences have any mereological structure; and while vision presents the world in terms of objects, it is a matter of debate whether there are olfactory object-representations. This paper argues that despite these differences visual and olfactory experiences share a hierarchical subject/property structure. Within this structure, olfactorily experienced odours and visual objects have the same status: they are primary subjects which unify other represented elements into perceptual units.