The Patek Philippe Calatrava reference 3417 is notable for its antimagnetic properties, a feature less common in dress watches of its era. It represents a specific technical advancement within the Calatrava line, designed to protect the movement from magnetic fields, which could impair timekeeping accuracy. This focus on functional resilience distinguishes it from other Calatrava models primarily known for their aesthetic simplicity. The reference was produced in limited quantities, contributing to its specialized appeal.

This reference typically features a 33 mm case, often in stainless steel, though examples in yellow gold are also known. It houses the manual-winding caliber 23-300 PM, a movement specifically engineered with antimagnetic components. The PM designation indicates "Protection Magnétique." The watch is fitted with a sapphire crystal and offers a water resistance of 25 meters. The power reserve for this caliber is approximately 44 hours.

The 3417 appeals to collectors interested in Patek Philippe's technical innovations and the brand's response to specific horological challenges. Its antimagnetic construction places it in a distinct category, offering a blend of classic Calatrava design with a practical, albeit subtle, complication. Variants exist with different dial configurations, including those with radium luminous material, further diversifying its collector interest.