No sex or nudity but the main female character is always dressed in a very revealing outfit that barely covers her body and always shows her nipples poking through it.
Avatar asks Elinore to sit on top of him, whilst he ponders what to do. He (and the camera) ogles Elinore in her skimpy outfit, thus sexualising the scene and Elinore herself.
A very brief moment where a woman starts taking off her clothes under threat.
In the background, three prostitutes try to attract a man from across the street. It's in the background and isn't the main focus of the scene.
Other background female characters also appear naked or sans clothing. (Some of these are brief, some are blatant. Some are more noticeable than others.)
Avatar's pipe features a woman's head and breasts carved out on it.
A magical bolt of lightening comes from Eveline, during her capture, and it appears to come from her crotch-area.
A naked fairy is tied by one ankle to a cinema projector. She appears without clothing.