Why are inline images not visible in Mail on macOS Sierra?

Did you enable Load remote content in messages in Mail Preferences > Viewing ?

Load remote content in messages

Automatically detect and maintain account settings isn't related to your question.


It seems to be an issue with the current version of macOS. According to the 10.12.4 update description page, it fixes issues with displaying e-mail contents badly. Try updating to that and then see if the issue persists.